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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Spreck who wrote (7487)	4/7/2005 12:16:56 AM
From: Walkingshadow	Respond to of 8752

Hi Spreck, CQB has been getting steadily stronger over the past several months. It is rather overbought, but gives indications that it will get more overbought: CQB has now closed above final resistance with a very bullish candle and fresh technical buy signals: 139.142.147.218 Here's the weekly chart, which shows that CQB is in a strong, long-term, orderly uptrend, and will try to make a run at the upper regression channel rail: 139.142.147.218 The intraday chart shows buy signals as well: 139.142.147.22 So my take is that CQB has more upside left, and will rally up to the upper BB rail. It will probably push that rail open somewhat, so a run to about $29 looks within reach before CQB takes a breather or (more likely) corrects a bit. But keep in mind that CQB is in a very strong uptrend, so if I were long this stock I would be willing to be fairly patient, because even if you are underwater for a while, eventually the strong uptrend will most likely reassert itself. <<Kramer mentioned AIG is a positive fashion after the market closed and it went up almost a dollar in after hours trade.>> Not even Kramer can save AIG for very long.... this tells the story: stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60]&pref=G T

To: Spreck who wrote (7487)	4/7/2005 7:23:11 AM
From: Vendit™	Respond to of 8752

Good morning Spreck, I took a hark look at the CQB chart and decided to rework it. 139.142.147.218 Note that stochastic and William’s %R are both signaling a buy but are also both very high on their scales. Also note the nice bullish candlestick formed yesterday. Now bump this information against the Linear Regression chart that I linked above and you can conclude that CQB is short term bullish but very near its upper resistance trend line. A target price and reversal area of about 28.25 is what is to be expected, IMO. Reid