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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (58549)	7/27/2007 11:22:48 AM
From: JimisJim	Read Replies (1) of 108745

iso, re: BQI... Looking at it here (that other chart is hard for me to read), it's hard to say if we're seeing topping tails or consolidation... downside risk would appear to be 3.30ish... but it is nearing its 200dma, which as I understand it, is where the pros like to buy/trade/sell... don't like the falling rsi, but do like the rising accum/dist... but don't like the heavier than normal red volume bar... so, yes, I agree that it looks undecided right now, but it's been performing very well this week with strong headwinds against it in the sector which makes me optimistic that it will move higher... And in case that chart didn't post, here's the link: stockcharts.com

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