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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (8030)3/5/2005 5:10:57 PM
From: Claude Cormier  Read Replies (2) | Respond to of 18308
 
<Technically overbought right now?>

Maybe a little in the short term, but it will take news highs near$2+ for an overbought condition on the weekly. I think we are starting a movement like the July 2003-Nov 2004 rally which cause almost a quadruple in the stock. Technically and fundamentaly, the setup is perfect. We are coming off the base near the 200 DMA and we are just about to enter the most important phase of exploration at La Juliana.

stockcharts.com[m,a]waclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G



To: Proud Deplorable who wrote (8030)3/6/2005 6:58:35 AM
From: TheBusDriver  Respond to of 18308
 
didn 't think it overbought there

Yea it entered into overbought just at the peak of 1.35....

<<Technically overbought right now?>>

Yep. An overbought condition prior to news is not normal in most stocks I think. You can't say one way or the other really...IMO, a stock the get pretty over bought before news will often sell off on the news because that is why the traders bought in..."buy the rumour, sell the news".

Will this happen with DAE? Depends on the news? It could really take off or return to .90....

Gap at 1.10 in the daily and into overbought territory...

stockcharts.com

Weekly shows a nice bullish long white candle and just at overbought territory....MACD is just crossing over as well. Could be room to move here....

stockcharts.com[m,a]waclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

It is true that these small cap jrs. can stay overbought for a long time...we'll see it DAE is one of them...

Wayne