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Strategies & Market Trends : Chart Formations

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To: Casaubon who wrote (883)	5/19/2006 4:10:10 PM
From: Casaubon	Read Replies (1) of 967

ENER buy stockcharts.com ENER gave a good buy signal toady, IMO. The individual candlestick is called a high wave. The fact that it occured at the 200 DMA adds significance and reliability, as does the volume. Furthermore, there is price to OBV non-confirmation. In other words OBV is diverging from price in a positive manner, implying accumulation.

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