4 replies to this topic

[hiker]

posted this elsewhere earlier today - CCJ - current bounce advance is testing these daily ema's....most recent intraday price action shows an attempt for these ema's to represent intraday support - 20 day ema - $72.29 21 day ema 72.12

[hiker]

CCJ -swing trading or daytrading CCJ as it moves on either side of the daily 20 or 21 ema continues to be profitable....note the recent intraday lows from last week of 69.10 and 69.70....today's low so far is 69.40.

Those moving averages,as well as the 20 sma, have long been what traders use with other tools for this stock when determining whether to be short or long.

Edited by hiker, 07 February 2006 - 03:12 PM.

[hiker]

http://stockcharts.com/gallery/gv?ccj

today's low tested the 50 sma, where price action reversed direction and headed up.

continued bullish action may depend on moves above these moving averages:

daily 21 ema is approx. $71.63
20 sma is 73.32

[hiker]

CCJ intraday price action is testing the 20-day ema:

20 ema - $71.77 approx
20 sma - 73.39

is approaching a bullish daily 5/21 ema crossover. This week represented the first bearish 5/21 ema crossover since mid-Nov.

CCJ trades split-adjusted on 2/23.

http://stockcharts.com/gallery/gv?ccj
note yesterday's reversal once the daily 50 sma was tested

[hiker]

today's high tested the historical support/resistance at the $72.50 area.....short-term traders are selling at that price for now. Many CCJ traders read Ted Burge at Stockcharts public lists who has long posted the CCJ support/resistance prices on page 5 of his site:

http://stockcharts.c...et?obj=ID445101