Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : The Children's Beverage Group (TCBG) -- Ignore unavailable to you. Want to Upgrade?

To: Cavalry who wrote (1409)	8/10/1998 11:02:00 PM
From: mystifier44	Read Replies (2) \| Respond to of 2452

I haven't met to many people interested in TA on these stock threads but on the off chance that there are some here that are interested I offer these thoughts on TCBG. First thing I noticed when I became interested in this stock was the huge increase in OBV (On Balance Volume) since mid June: tscn.com The basic assumption, regarding OBV analysis, is that OBV changes precede price changes. The theory is that smart money can be seen flowing into the security by a rising OBV. When the public then moves into the security, both the security and the OBV will surge ahead. You should be able to see how OBV has been trending up the past 10 days even though price has been falling on the following chart: tscn.com If the theory hold true then according to the chart the smart money is accumulating during this decline. Another powerful indicator the MACD (Moving average convergence/divergence) is trending up from below the zero line: tscn.com The strongest bullish sign this indicator gives is when its trend diverges from the price trend (ie: rises when price is falling). I use a 16-4-4 MACD for TCBG which has just indicated a buy signal as of today: tscn.com Another indicator I like is the 8 - 5 - 3 Stochastic histogram. As you can see from the following chart by following the buy signals you would have realized a 136% gain in 8 trades! tscn.com This stock went from .625 (5/8th's) on June 15th to $1.844 on July 9th which is +295% a near triple in 24 days! People were asking the reason for the decline on all the good news that just came out. I think a little profit taking consolidation is the best answer and justifiably so. The charts are strenghtening but for fear of making this post too long and boring some I'll leave it at that. If anyone has any questions about other TA indicators feel free to PM me. Overall I feel very confident in my decision to go long on TCBG at this time. Can't wait to hear the chants of "Rip it Sip it" in the halls of schools, in the streets, and on this thread! Good Luck to All, Myst