Hi Lemur,
I'm technically inclined to some degree (don't chime in guys :o), and I see what you're describing. Without belaboring the point, the choice at this point in time for either the trader or the investor is this:
BUY or BYE!
MACD has crossed. I also have two confirming indicators that both fired on 2-22-99 signaling THQI is due for a run up. Both indicators measure technical as well as fundamental conditions, by combining earnings growth with MACD or CCI to analyze current conditions.
I bet the stock is up from the time I started writing this response, and it will be higher by the end of the day. The basic point is this, technicals indicate, fundamentals drive, and management steers. Right now, this management team is steering the company to higher and higher levels of performance; trying to bet against that or time peoples response to that is very difficult to accomplish.
I hate Batman anyways, so given another look at this chart, I see a very strong Tommy Pickles Rugrat formation developing, with a waning influence WCW shoulder formation far to the left. I'm goofing of course, but on the serious side, technicals are well stacked in THQI's favor right now. Hope it helps ... :o)
Regards, JB |
