Strictly Buy and Sell Set Ups 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 : Strictly Buy and Sell Set Ups

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TheSlowLane who wrote (11309)	2/26/2007 7:47:01 PM
From: chowder	Read Replies (2) of 13449

EFR.V has a very bullish chart pattern, for the types of buy set ups I look for. In looking at a weekly chart for an intermediate to long term view, we have a rising 20 week moving average above a rising 40 week moving average with a comfortable distance between the two. This is a bullish alignment. When I see a bullish alignment, I always look to go long when price consolidates to the rising 20 week moving average. In this case, price hasn't pulled back. It has consolidated sideways above the rising 20 week moving average, confirming that we aren't seeing any selling. Supply is being met by demand on a relatively equal basis. I think EFR.V is a buy right here and expect price to take another leg up once price trades above $5.00. A very nice looking chart. Thanks!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next