Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: ORM.V

Re: ORM.V

in response to by
posted on Dec 30, 2009 04:02PM

Still needs work to get up and out of the hole so could cons. for abit yet. ...needs to clear .20,.22 then .24 for green light...support at .16..14 for red light...so those will be the guidelines... The lt dt is not broken...so it looks to cons until it takes out that trend on the weekly/monthly. So thus the recent prev. highs are leaving areas of res.with the lh's...normal because it is trading in a tri...so use the tri lines as a guide.....if news or some igniter boosts it to move trhu the upper line then that will send it to test those res. areas...conversely the lower line will do the opposite.Anyways so far a nice cons. If a run does occur it may be limited unless news is extraordinary to .35 area...the current area of the lt dt line.......and if it doesn't hold support don't count out .10 ...anyhow...def.could be a double if it breaks out but until the lt trend is broken it may be limited ...draw the lines on the tri on the weekly and use it as a guide for breaches....take out the upper and those res. areas it will then move to test the lt dt.....

Share
New Message
Please login to post a reply