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Strategies & Market Trends : YEEHAW CANDIDATES
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To: brogan who wrote (16571)3/21/2006 1:17:56 PM
From: Sergio H  Read Replies (1) of 23958
 
Doc,

If I can interject....

The overhead gap acts as a wall. When it fills this gap, the stock should retreat. CAMD has a big hole of an overhead gap. It's going to take some time to fix this chart. Right now the first resistance is the high reached under the gap. I like the MA support setting up just under the current price. It should give the stock lift, but the upside is temporarily limited. It will take a few waves to get over the hump, providing great trading points.
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