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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: jtig who wrote (9202)12/2/1998 6:05:00 PM
From: Douglas Webb  Read Replies (1) | Respond to of 14162
 
BTGC is increasing now...

BTGC
webbindustries.com
For the past seven trading days btgc has been tapping the lower BB, while the RSI has been hovering around 40. The volume has been increasing over the past four days, and today the close was higher with volume 57% above average. I'd say BTGC is now entering the Increasing stage, so now's the time to get in for the ride up.

BTGC has topped out at $7.50 twice recently, and that's where the upper band is now. $7.50 has been both a support and resistance line since at least May, and may continue to be overhead resistance. If BTGC does break through $7.50, it will probably get to about $8 before turning around.

Doug