By: mack1
Reply To #3838 by GeezusCan2 Wednesday, 31 Mar 1999 at 1:47 AM EST
Post # of 3845
To everybeody on RB and SI,
PNLK's charts are off the wall and suggest PNLK is in a strong bullish trend in the medium to LONG term.
The last 11 trading days were all white candles, and today pnlk shrugged off a dogi star to keep pnlk past the bollinger bands for the third consecutive day, to close 17% above the upper band, and to confirm the recent uptrend. (yesterday was also rising window crossing past outer band, very bullish).
The MADC has been upward trending since mid June 1998. Yesterday it reached new high since then, and today it past significant resistance levels that have built since late June 1998 (broke past FOUR previous peaks). It generated a buy signal 7 days ago. There has been no divergence.
The Chand Momentum oscillator is at it's highest since the run up to eight, indicating a strong upward trend for pnlk, and has also broken significant resistance today. A high cmo will annul any short term overbought sell signals.
PNLK has closed 3 days above the bollinger bands, indicating strong continuation of the uptrend. The bands are 80% wider than average with the incline of the upper band outracing the decline of the lower one, witch is good, i think.
Volatility is higher than average, BUT IS LOWER THAN ANY OF THE PREVIOUS 7 RALLIES, and imo confirms that this is not just a rally.
A stady increase with moderate volume is what this stock needsto keep it's momentum untill any news brings it to any new levels.
Even without any of this crap, i would still refuse to sell any of my shares.
can sombeody post this on SI? (thanks)
good luck
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