Post by TradingForGod on Aug 25, 2004 11:37:15 GMT -5
Just a quick note on Azco Mining since CT put out a special update. The chart below shows the six month trading range for this stock. Several things are readily apparent. First, it has not gone anywhere in that time. The basing continues. Second, it is currently in the low end of the congested trading range and is right at the lower Bollinger Band. Momentum is extremely neutral right now, and the ADX trend indicator is weak (absent the bad tic from a couple of weeks ago).
Based on our congestion trading model, this is a good place to pick up some length if you are so inclined. The technical stop for this length is a stop below 9 cents. But, and this is important, if you have special knowledge or a long term view, this negates the stop exit. It is just a technically significant level.
Hope this is helpful. God bless you all.
TFG
Based on our congestion trading model, this is a good place to pick up some length if you are so inclined. The technical stop for this length is a stop below 9 cents. But, and this is important, if you have special knowledge or a long term view, this negates the stop exit. It is just a technically significant level.
Hope this is helpful. God bless you all.
TFG