Myron,
That's ALOT o' stocks and too few indicators to do much with but...
With SEEQ, weakness in the 13, 8, 8 and overbought in the 3,1,2 that is beginning to pull back would hint that 3 3/16 is going to be retested. If the 3, 1, 2 does not continue to pull back, a crossover in the 13, 8, 8 may occur and signal a move back to 4 or more. Now if I toss in a panel of the 5, 13 and 34 dEMA's, I get confirmation of the view that a couple days of data would be necessary to make a call using the limited perspective allowed.
The 13, 8, 8 on DSPT is in good shape heading toward a positive crossover. When the price hit 8, the 2,1,2 showed convergent bottoms and on this move up shows divergent tops. There's a downtrending line of resistance on the 3, 1, 2 which is coming up out of oversold levels and that downtrend would need to be broken for the 13, 8, 8 to complete a crossover and signal probable price movement above 12.
The 13, 8, 8 on UTDL has set up convergent bottoms and is only a bit weak since although the value is low, a positive crossover is being completed that is higher than the previous positive crossover. The 3, 1, 2 is making a good attempt to recover from extremely oversold and should add strength to the 13, 8, 8. A close on Monday in the upper half of the day's range would be a signal to daytrade for a small but decent profit on Tue. If it is clear toward the close on Mon. that the price will be in the upper half of the range, buy it.
More to come...
Doug R |
