Is this stock ready to explode upwards?
#1
Posted 02 May 2007 - 02:47 PM
BQI giant bull flag
sorry the image is not so good and not what I originally wanted to post. this does look like a giant bull flag. peak oil is here and will be recognized by many within the next year. $150/barrel within 4 years is my guess.
#2
Posted 02 May 2007 - 02:58 PM
here is the chart with the clear divergence of Farley's ADA. Has to break that trendline though. Oil has been down 3 days in a row. I think is about to begin a large move up to $78 or $80
#3
Posted 02 May 2007 - 03:17 PM
#4
Posted 02 May 2007 - 03:39 PM
You only have the possibility of divergence....you currently have no divergence.here is the chart with the clear divergence of Farley's ADA.
Three questions if I may:
1) How long have you been working with Farley's Accumulation/Distribution Accelerator?
2) What time period settings are you using - 14/7?
3) Do you find this tool useful when applied to penny stocks that are generally thinly traded?
As a basic observation, and having worked with the tool in the past, it looks to me that you have a better chance of breaking lower first before any chance of moving higher. But being as neutral as the indicator currently is, I guess it could go either way.
Fib
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#5
Posted 02 May 2007 - 04:05 PM
#6
Posted 03 May 2007 - 01:19 PM
#7
Posted 04 May 2007 - 08:51 AM