Jim - Thanks for the post re: FIBR. FWIW, I decided to come out of hiding long enough to take a look at it and would like to offer my "unsolicited" opinion <g>
FIBR:
LONG TERM:
On 1/8, OBV crossed the 90 dma for the first time since July '97.
On 1/8 MACD 13,34,89 crossed up over zero for the first time since 1/8/97. That is 1997. Some coincidence, huh?
On 1/12 Stochastics 55,21,21 crossed the 20 line for the first time since July, although it nicked it in December, briefly.
On 1/7/98, the upmove broke any downtrend line you would want to draw.
Volume has run consistently higher since 8/25/97, and MUCH MUCH higher
since 1/7/98.
This worm has turned.
ON THE SHORT TERM:
Candlesticks are all positive, and Doji's have accurately predicted short term upturns (twice)
Near resistance is at 5 1/4. Fridays high was above that, but the close was below, at 4 25/32. We need a breakout above 5 1/4 (close) to confirm the breakout.
Stochastic 13,8,8 is ABOVE 80 and appears to be turning, suggesting a
short term top.
MACD 12,26,9 is above signal, above zero, and shows no sign of turning
right now.
RSI is very positive, and is above 70, which is where it turned down
from last 1/9.
Moneyflow is positive for the first time since October 1997.
OBV is terrific, and like the price, has climbed too fast to keep
doing it sustainable with occasional pullbacks.
TC - The BOP - Powerful in every way.
The bad news is that this is very vulnerable to pullback in the very
short term. he rapid rise and "toppy" Short Term indicators are a
little worrisome. If you bought now, the chance of a pullback is very
good, but the chance of recovering is very good also due to the long
term indicators. When the resistance at 5 1/4 is broken, it can cover
the gap to 5 23.32, which is the next resistance. In other words,
this is a wonderfully powerful trend, but the fast easy money has been
already made. I feel the long term direction will be up for a while
though. This reminds me of RECY. Where's the top? Close stops will tell you. Where's the "impossible line" on this one?
Regards,
Al |
