Thursday, September 16, 2010

Technical Events

Event Date: Sep 16, 2010
Opportunity Type: Intermediate-Term Bullish
Close Price: $0.47
Target Price Range: $0.69 - $0.75

A Continuation Wedge (Bullish) consists of two converging trend lines. The trend lines are slanted downward. Unlike the Triangles where the apex is pointed to the right, the apex of this pattern is slanted downwards at an angle. This is because prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. A bullish signal occurs when prices break above the upper trend line.

Over the weeks or months that this pattern forms the trend appears downward but the long-term range is still upward.

Volume should diminish as the pattern forms.



1mth | 3mth | 6mth | 1yr | 2yr | 5yr


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Price Crosses Moving Average (alerts on 21 day, 50 day, and 200 day)
Indicator

Event Date: Sep 16, 2010
Opportunity Type: Long-Term Bullish
Close Price: $0.47
Price Period: Daily
Volume: 1,330,982
Price crossed above the 200-day moving average.

1mth | 3mth | 6mth | 1yr | 2yr | 5yr



Event Date Classic Pattern Close at Event Target Price Range
Sep 16, 2010 Continuation Wedge (Bullish) $0.47 $0.69 - $0.75












Event Date Short-term Pattern Close at Event Opportunity Type
Sep 09, 2010 Hammer $0.41 Short-Term Bullish
Aug 27, 2010 HammerW $0.43 Intermediate-Term Bullish
Event Date Indicator Close at Event Opportunity Type
Sep 16, 2010 Price Crosses Moving Average (50-day) $0.47 Intermediate-Term Bullish
Sep 16, 2010 Price Crosses Moving Average (21-day) $0.47 Short-Term Bullish
Sep 16, 2010 Price Crosses Moving Average (200-day) $0.47 Long-Term Bullish
Sep 15, 2010 Price Crosses Moving Average (21-day) $0.41 Short-Term Bearish
Sep 10, 2010 Triple Moving Average Crossover (4-day 9-day 18-day) $0.40 Short-Term Bearish
Event Date Oscillator Close at Event Opportunity Type
Sep 16, 2010 Commodity Channel Index $0.47 Short-Term Bullish
Sep 16, 2010 Bollinger Bands $0.47 Short-Term Bearish
Sep 16, 2010 Momentum $0.47 Short-Term Bullish
Sep 16, 2010 Williams %R $0.47 Short-Term Bullish
Sep 14, 2010 MACD $0.42 Short-Term Bullish




2 comments:

real_economics said...

Nice TA and charts. No doubt today was a much overdue impressive reversal. Just the start of good things to come.

RE

Mrstormpay said...

Yes sir!