Stock Attack -- A Complete Analysis 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 : Stock Attack -- A Complete Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: freelyhovering who wrote (3922)	11/24/1997 1:36:00 AM
From: Chris	Read Replies (2) of 42787

myron: radaf: looks like some pullback in store? not sure.. intermediate trend positive, but overbought condition right now expect retreat to 9 day ema if pullback is seen.. do you see the symmetrical triangle breakout on wednesday? cool stuff.. expert advisor from mswin: CSS 2: Analysis of RADICA GAMES (RADAF) Reviewed on 11/21/97 High: 15.875 Low: 15.500 Close: 15.813 Change: 0.063 (0.004%) Volume Today: 83,900 shares. On 11/21/97, RADICA GAMES closed up 0.0625 at 15.8125 on volume 59.56% below average. A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and 5 black candles for a net of 1 black candles. During the past 50 bars, there have been 27 white candles and 19 black candles for a net of 8 white candles. A hammer occurred (a hammer has a long lower shadow and closes near the high). Hammers must appear after a significant decline or when prices are oversold to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern. A hanging man occurred (a hanging man has a very long lower shadow and a small real body). This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend (which appears to be the case with RADICA GAMES) it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a bullish hammer. A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold). A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble. On 11/21/97, RADICA GAMES closed below the upper band by 3.9%. Bollinger Bands are 73.87% wider than normal. The large width of the bands suggest high volatility as compared to RADICA GAMES's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 3 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range. The recent price action around the bands compared to the action of the Relative Strength Index (RSI) does not suggest any trading opportunities at this time.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next