wallman
299 posts
msg #30746
- Ignore wallman |
1/22/2004 7:52:03 AM
HI ZUB, if you go back to my 1-11 post here on this thread you'll see my mention of AEGN INOW EGHT as being at that time under very heavy bb pressure as they were at very long periods at the low of bb width,since then INOW is up 11%,AEGN 61%,as of now EGHT hasn't fired yet but i believe it should any day now,also i like your IPI,very heavy volume in last 8 days,4 straight closes out of the upper bb,the inevitable pullback from that,a few sideways days and now ready to take off soon imo,regards and good luck
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EWZuber
1,373 posts
msg #30757
- Ignore EWZuber |
1/22/2004 4:57:47 PM
wallman
AEGN looks like it wants to go a lot higher. Monthly chart is just starting a new long term accumulation phase. Wow!
Unusual considering the stock went through a 1:5 reverse split in Nov.
What i don'tlike about that one is that sometimes volume is low double digit.
Looks like EELN wants to move considerably higher. Notice on hourly chart how the stock is holding the level where the supporting trendline was broken. This is very bullish should this hold until the half hour chart becomes completely oversold ( and it nearly is now ). I suspect that next substantial resistance is around $4.50.
JMHO
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wallman
299 posts
msg #30758
- Ignore wallman |
1/22/2004 10:09:57 PM
ZUB,you're right about the volume on AEGN being low in the past,that's why with these tight bb squeezes like AEGN was in i like to see a volume jump like it showed on the 16th,with these it usually means there is more run to it,another example is DLGI which had good volume buildup on the 20th and 21st and at that time was at a 8 month low in bb width,it had huge vol today suggesting it can still go, also HIET today with 275k ave vol popped off a 12 mo low width with over 3 mil shares traded! NENG another big hit today was at 11 month low width with ave vol of 1 mil traded 8.3 mil today,so yes volume plays a major part in a stocks move,especially when they have been restricted so long within a low bb width
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EWZuber
1,373 posts
msg #30824
- Ignore EWZuber |
1/26/2004 4:50:41 AM
Looks like PAX could break a consolidation pattern before long. Selling volume still looks a bit high and stock recently sold off on a gap up as retail traders were set up by big money for a sucker play. IMO
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EWZuber
1,373 posts
msg #30832
- Ignore EWZuber |
1/26/2004 2:37:42 PM
Picked up some EELN again this morning @ $3.41 as it broke TL. Resistance.
http://ragingbull.lycos.com/mboard/boards.cgi?board=EELN&read=22994
Doing very well today. This has been a great trading stock.
PAX doing very well also.
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EWZuber
1,373 posts
msg #30841
- Ignore EWZuber |
1/27/2004 11:16:55 AM
Sold EELN @ $3.66 this morning. Ths stock is overbought on Hourly chart and is coming under pressure breaking short term Supporting TL.+7.3%.
Also EELN earnings coming up so probably a good time to exit. I am anticipating good earnings but don't like to gamble.
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txtrapper
548 posts
msg #30843
- Ignore txtrapper |
1/27/2004 11:56:39 AM
Zuber
EELN.....$3.85 and climbing @ 11:56ET
I'm still in.....I don't see any resistance until $3.90 on 10-21-03
TxTrapper
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txtrapper
548 posts
msg #30844
- Ignore txtrapper |
1/27/2004 12:00:23 PM
Zuber..
EELN at resistance @ $3.90 @ 10:59am ET, let's see what happens, either it will keep going higher on fall back to support.
TxTrapper
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txtrapper
548 posts
msg #30845
- Ignore txtrapper |
1/27/2004 12:02:23 PM
Zuber...
EELN....stalled $3.87 pulling the trigger, order filled @ $3.87...
TxTrapper
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EWZuber
1,373 posts
msg #30847
- Ignore EWZuber |
1/27/2004 4:23:04 PM
TxTrapper, Yea I pulled the plug too early today. I got too aggressive with the supporting trendline. Looking back on a more detailed shorter term ( 3 day ) 30 Minute chart I see where i made my mistake.
The 10 day chart lost too much detail.
Todays volume and moderate gains indicates a ton of sellers as EELN approaches the earnings announcement.
With about 50% gains from the bottom I'll bet many are locking in gains before a bad reaction can take a good chunk out of it. A bird in the hand...
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