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Strategies & Market Trends : Strictly ..... Bottom Fishing
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From: chowder4/9/2007 9:52:27 PM
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EPEX is a stock that has been in a Stage 4 down trend and now qualifies as a Bottom Fishing Stock that has seen a change in the character of the trend.

I see 3 critical points on the chart that suggest a change in the trend.

1. Price has finally closed above the 50 day moving average.

2. Price has finally set a higher high, closing above a pivot point.

3. The 20 day moving average is now rising.

All of these things set up a nice low risk entry, on this Bottom Fishing Stock, if price can trade above today's high of the day.

Entry target $13.35. Look for price to slowly work up to the $14.40 - $15.00 price range where I would take some profits off the table. Will look for $18.50 on the remaining position. Stop under $12.20. Will continue to raise the stop as price rises, to insure against any whipsawing action.

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