SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Playing the QQQQ with Terry and friends.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: fouquebrune who wrote (818)6/13/2005 9:56:47 PM
From: Walkingshadow  Read Replies (7) of 4814
 
Hi Phil,

FXEN does look quite bullish. BBs are extremely contracted, as you say.

FXEN is currently testing chart support:

139.142.147.218

At 10.42 and 10.69 above are the 50 sma and 20 sma respectively. These are both declining, and will be a critical test of resistance. If I were long, that's where I would probably look to exit, because FXEN is looking pretty weak:

139.142.147.218

It looks to me like FXEN will probably not develop enough momentum to overcome that resistance, and a failure there would be a good shorting opportunity IMHO.

But if you are a medium-term or long-term trader, consider that on the weekly chart FXEN is extremely oversold, with a strong medium-term buy signal in stochastics:

139.142.147.218

So over the next 6 months or more, I expect FXEN will do very well.

So please realize I am talking about two separate time frames above.

T

P.S. Your link worked fine!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News