Friday, March 16, 2007
Welcome to another down day of the DJIA closing just under 50 pts at 12,110.41 pts.
I found in the last week or so a nice stock that looks to me as if there's a breakout of the trend lines. Therefore showing a bullish signal on high volume. I'd say give it a few more days to escape the trend lines. Currently, HIH has a resistance at 17.26 per share. I foresee that changing and becoming the next support level which is currently at 16.80. Time will tell, but for now, i'm saying bullish on this one.
Thursday, March 08, 2007
GILD and trendlines
This daily chart of GILD show a nice breakout from its' original trend lines. Usually this signifies a bullish change. Time will tell!
Here are a couple trend lines and patterns that I've found on this chart of GILD. btw, this is the weekly chart.
Here are a couple trend lines and patterns that I've found on this chart of GILD. btw, this is the weekly chart.
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