Sunday, January 28, 2007

EMA13/SMA20 UBB ZONE PULLBACKS 1/29



HOKU USSE CVDT FRG NXXI XSNX IMMU MPRG LTS BNVI YMI ICAD VEGF RNIN DOIG SMD BHIP NICH STKR HIHO

In descending order of Fridays volume,watch for volume% increases on lower volume ones.
GREEN hold and/or 10/60 5 minute sma cross.

Here's a chart of NTMD, a great example of a zone pullback from a breakout. Pullback into zone on 1/22/07 @ around 2.66 it took off on green the next day,going to a close of 3.64 a week later,then it pulled back into the zone again on 2/6/07 around 3.30 area where it went to a high of 4.31 5 days later.

Edit: because of the increasing volatility in stocks the last year the zone has been slightly widened and for better visabilty to EMA10/SMA30

If you look at the current chart you will see it is now a flag watch.

No comments: