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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (4214)11/20/2001 12:40:34 PM
From: Bob Biersack  Respond to of 26752
 
see ADVP running



To: Connor26 who wrote (4214)11/20/2001 12:42:18 PM
From: Susan G  Read Replies (1) | Respond to of 26752
 
Have a great time!

LBRT is about to hit huge resistance at the 20 ema on the daily chart at 8.76.

Considering it's in a bearish wedge up to that ema, with a doji on the daily, I'd guess without major news it's going back to the low 7's very soon. The bottom of the rising wedge is usually where those resolve.

7.8 area, the 40ema may hold.

Of course, I may be totally wrong <VBG> but it's in a classic short the backside bounce setup here.


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