Hi Ron,
I'll respond on this thread, instead of SALV. ONPT has a real nice looking Daily chart, it's also crossing over on the weekly chart. The best charts I've found are schwab.quote.com/fq/schwab/quote.
The moving average is at .86, you can buy for 1.25, so from my earlier statement the most at risk is 39 cents a share. I couldn't find much info on the company, but apparently you've been following it some time, so you know more about the company and it's prospects than I do.
Now for the big question, Buy, Sell or Hold. Unless something tells you this stock is in for a big plunge (nothing indicates that), why get off a train that's going your direction (up). If you've got 39 cents to spare (total at risk), buy some more. The moving average is 87 cents, think of that as your guaranteed price, if you can't watch it all the time have your broker put a Stop Loss order on it at 87 cents. You can ratchet up the Stop Loss price as the average moves up. If the company has any fundamentals, this chart indicates there is a great deal more potential return than 39 cents.
As always, do your own research and make your own decisions. Thanks for sharing this chart with me, I might act on it Monday.
Robert |
