Dear Mr GRAF, {sounds so formal}
Many view TA of tech stocks in different light, 1/2 full.. When it comes to the volatility of these high flyers, you should lower the periods of testing. I agree the RSI is pretty sad looking, and so is the MACD. BUT if you are to look at the trend channel, and the stockhastic, you can come up with a different solution. As long as the price does not go below the Black trend line, then the direction is still upwards as a trend?
mypage.direct.ca
I drew {old TA here} a bull trough line. I chose the exact high, but the 01/19/99 high would be better {free hand drawing, sorry} For a brief explanation of it: chartstocks.com This works best to show price break down, but as the price reaches the OLD high, it should break out again.
I believe you are seeing those whom look at your form of TA, and mine, fighting it out in the market place. I still own NONE, but would consider buying below $4.75 {preferr $4.50-$4.00, but don't see it happening} that my price based on FA. Think 2 more days here.
Gee, that free hand curve looks bad.
PS: Now I'm going back and checking your data again. So much resetting to do. |
