David:
Nice to hear from you. I'm finally through moving and will be able to dedicate more time to investing. I bought BNYN on Mar 25th at 6 1/4 and for a few days watched it battle with 6.50 until it lost momentum and rolled back into the fives. I researched it and was very pleased with it's fundamentals as well as it's news, technically the pullback is natural so I've been waiting for it's next attempt at 6.50.
Yes today was fantastic for the price, up 7/8 on good vol is a wonderful indication, and your exactly right it must cross 6.50 on good vol to sustain any upward momentum. %K has turned up, RSI has been on a steady climb for some time now. I will certainly be watching it tomorrow, I'm not secure enough on this one though to buy on a pullback, David, I usually like a lower PE vs ind avg PE. I also gave it a 7.0 on my 1-10 scale, 7.0 is my cutoff point, I hope to raise the number as the list gets stronger and stronger, if my list tops HDWY's 7.7 then I'll raise it. You gave it a 2, what seems to be your bottom end, using all of these different indicators, my question then becomes how long of a hold do I think BNYN is?
I must admit that I learn quite a bit reading your posts on TA, so that is what filling the gap looks like. Questions:
Must it be below the MA for most of the whole day?
Is it valid only if it fills the gap towards the end of trading?
Are there any %'s involved, does the gap need a min. width?
Thanks:
IsaacF1 |
