SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?


To: tom pope who wrote (105439)11/4/2011 5:20:55 PM
From: JibacoaRespond to of 118717
 
I have traded it for some time, since Dale was recommending it as PRC around $0.20/shr. <g>
I sold a good bunch when it appeared to be somewhat overbought on its chart earlier this year,(with the RSI rising to 80 on the weekly and monthly charts), but still kept a fair position and never sold it short.
I started to add back to my position after last month's dip and still plan on adding more, since the price is still below my last sale.
The stock retraced some in the last 15 minutes from its intraday H after the double top at $5.28 on its one minute chart, but there were some nice volume upticks at 3:02pm and 3:47pm
In spite of the RSI going above 70 at 3:15pm, suggesting a possible temporary overbought condition and with some evident resistance at the $5.23 level, the stock was able to reach $5.28 and to stay above the EMA20 until ten minutes before the close. <g>
On its daily chart, the stock was able to close today above the EMA100 and I am expecting for it to go through the EMA200, (which at present stands at $5.42), next week.
If that happens and the EMA100 is able to get above the EMA200, I am planning to replace the rest of my previously sold stock.

Bernard