Thursday, January 11, 2007

Stock Watch: BRLC 1/12/07

Lately, I've been using the force index as an additional indicator to find those stocks ready for reversal.

Additionally, I look for a negative 3 day force index, positive 13 day force index and a positive slope on the 3 day force index. Meeting my force index criteria for tomorrow is one of Muddy's favorites, BRLC. Using Elle's 10/60 screen, it looks like there was cross at 3pm. If it picks up some volume, it could be on the way up again.

6 comments:

Tamkras said...

after 5-day failure, it is probably heading towards 8.45-8.50 zone (50-day ema). Just my wild guess, Muddy.

SkyDog2 said...

Looks like it is due for a reversal.

Tamkras said...

let's be patient 1 more day. Reversal is probably tomorrow when it approaches 50-day ema.

Multiple Streams Trader said...

BRLC is taking quite a dip! I hope it does make a reversal - you know how those "fails" can be after a few days. But we also know there are no sure things.

Tamkras said...

I am putting buy-stop order at 9.02 - good volume with sustainable support at 8.90.

Tamkras said...

voila! I am in...