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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (53888)	3/21/2006 12:04:14 PM
From: lexi2004	Read Replies (2) \| Respond to of 59879

MJ...SVA has a previous high at 5.25 that I think will give it resistance if only in the short-term. This is a bird flu play that has retraced; it's not one that is at its 52 week high or higher, so I don't think we've hit the high ST yet. Money flow is good on this one; yes, it has entered the overbought area but has been higher stoch before and has stayed high for awhile, so don't think that's a definite sell signal yet. Weekly MACD close to 0 and stoch has much more to go. Unless $5 is some magic number where people want to sell and book profits, thinking that past high might be closer to ST target. Lexi