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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Spreck who wrote (7487)4/7/2005 12:16:56 AM
From: Walkingshadow   of 8752
 
Hi Spreck,

CQB has been getting steadily stronger over the past several months. It is rather overbought, but gives indications that it will get more overbought: CQB has now closed above final resistance with a very bullish candle and fresh technical buy signals:

139.142.147.218

Here's the weekly chart, which shows that CQB is in a strong, long-term, orderly uptrend, and will try to make a run at the upper regression channel rail:

139.142.147.218

The intraday chart shows buy signals as well:

139.142.147.22

So my take is that CQB has more upside left, and will rally up to the upper BB rail. It will probably push that rail open somewhat, so a run to about $29 looks within reach before CQB takes a breather or (more likely) corrects a bit.

But keep in mind that CQB is in a very strong uptrend, so if I were long this stock I would be willing to be fairly patient, because even if you are underwater for a while, eventually the strong uptrend will most likely reassert itself.

<<Kramer mentioned AIG is a positive fashion after the market closed and it went up almost a dollar in after hours trade.>>

Not even Kramer can save AIG for very long.... this tells the story:

stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60]&pref=G

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