Hi David,
I just found this site, been looking for someone else that uses IQC. Here's my take on MUEI and PETM.
Check out the 60-minute chart on MUEI, using Bollinger bands. It's been riding a rising band, with strong support from the middle band. The 60-minute Stochastics is just poised to turn up, from a constriction of the bands. On the daily charts, I also see it riding upwards just below the top Bollinger. For Stochastics, the lines can move sideways at the top (or bottom) for quite some time, and that's usually where the huge growth is. I see MUEI as a strong candidate to move up Monday, mid 14's within 2 or 3 days. The 60-minute chart is the one to use there.
For PETM, using the daily charts, it appears it's still in the base-building stage. The 60-minute chart shows it ready to climb, but I don't see anything indicating a breakout yet. It could happen soon, the daily charts are above the middle Bollinger, but it hasn't really started yet.
Just MHO.
Robert |
