this morning ,bought some snda, small position.
am planning to buy bigger position at the test of todays breakaway gap @18.00
stock has ~70 mill shr.
float ~20 mill shr [thin]
earnings on upswing
large short int. 13%
mon.upgraded by j.p.morgan
broke out of 1YEAR BASE on volume
targets:22.00,25.00,28.00,++[maybe]
suggestion:wait for consolidation,pullback,then give it a shot.
PISCES.
SNDA !!!!! ???
Started by
pisces
, Nov 29 2006 01:34 PM
2 replies to this topic
#1
Posted 29 November 2006 - 01:34 PM
#2
Posted 29 November 2006 - 06:37 PM
who knows if the price objective on those PnF charts are worth considering? Seems to work sometimes and not others....
11/29
http://stockcharts.c...llery.html?snda
note today's close is below the downtrend line on the PnF chart
the bullish price objective shown on the PnF chart alert today resides just above today's high.
11/29
http://stockcharts.c...llery.html?snda
note today's close is below the downtrend line on the PnF chart
the bullish price objective shown on the PnF chart alert today resides just above today's high.
Edited by hiker, 29 November 2006 - 06:39 PM.
#3
Posted 30 November 2006 - 08:19 AM
Hiker,sorry could not reply yesterday.
i know about the construction of a P+F chart,but nothing about their interpetation.
trying to stay with KISS. I do not use them.
but thanks for your interest.
pisces.