Hi Chris, enjoying our stock discussion. Your outlook/perspective is longer term than mine--I'm looking for 10-30% in 2 weeks, and then move on to something else. Regarding TMN, broke thru its 50 week ma today, closing at 5 3/4. Hopefully, the guys with the money will discover this tonight during their scans and buy tomorrow. I have an order to get out at 6, but I may up it to 6 1/4 or 6 1/2 tonight--what do you think? The reason I liked TMN is that its StochRSI 34/13 was below 30 and rising, and its StochRSI 13 was getting ready to cross 30. Also, take a look at the Stoch 13,8,8 (one of Doug's favorite indicators), and see how it just crossed 30 as well. On TMN's weekly chart, take a look at linregslope(c,6) and see how it's crossing 0. Looking at a chart of fibonnaci fan and arcs, they cross at about 6 1/4, suggesting resistance. What other methods do you use to estimate points of resistance?
Regarding RWAY, don't like all the StochRSI's above 70 at this point, with the 8/5 starting to decline, but agree that it has a nice weekly chart. I'll watch it and wait for the StochRSI 8/5 to finish its decline, probably next week. Jan |
