Classic TA Workplace Message Board

STOCKTALK

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 : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bcrafty who wrote (123510)	8/31/2005 2:22:41 PM
From: Henry J Costanzo	Read Replies (3) of 209892

Re FCEL, BC....As you note, breaks now out of the 200d MA (50d, too) as well as trend line through Nov and Mar highs. IMHO Will face quite a bit of R between 12 and 15 (congestion early 2004), but would think it should reach, in this move, the 13ish area of the Oct/Nov high. FCEL also shows a triangular pattern over the past year.....Only trouble is that it looks like a descending - presumably bearish - triangle...I guess the books tell us these triangles CAN sometimes be bullish.....but this is supposed to be unusual...g If it's to be viewed as a bullish - triangle - breakout, eyeball measure would extend to about 17ish..into the May 2004 area..... You asked how I'm "reading"..As I think foregoing makes clear.....not trying any EW read......just a TA look......vbg..........& Cheers....(on second thought, not a good day for cheer......still kinda stunned at the destruction in my old Southern stomping grounds....)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next