SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bo Didley who wrote (7570)4/13/1998 2:34:00 AM
From: Chris  Read Replies (1) of 42787
 
hi Bo,

welcome to the thread.

DBCC looks very promising.

let's sit down and talk about it for a minute. pull up a chart as well.

i have a weekly buy signal since 3/20/98. it became a STRONG weeekly buy the week after that.

switching to daily view,
i got a dns scan hit on 3/24/98

it popped above the 200 day ema (roughly at 5.8). this 200 day ema is a very crucial resistance point. as you see, on 3/26/98, it managed to pop above the 200 day ema. I wait for a continuation of that move with a STRONG close. Howver, if you look at 3/27/98, the price action for that day was WEAK. the close was BELOW the open. Subsequently, the next few days were down days and finally a break BELOW the 200 day ema (which becomes support). that was your sell signal.

as it fell below the 200 day ema, it found support with the 9 day ema and the lows were touching the 21 day emas. as DBCC regrouped it tried to reattack the 200 day ema (still around 5.8). i also saw that a couple news releases were made as well during that time. but let's put them aside for now since i mainly look at the charts.. on 4/7/98, i got another DNS signal to allow me to reenter the stock after the mild pullback.. assuming you entered, DBCC successfully broke above the 200 day ema again..

287% abv avg volume!!!

with a good strong close where the close was near the high portion of the trading range.

as for tomorrow/next week, i want to see continuation of price rally.

you have major resistnace 7.0

hope it helps.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News