6 replies to this topic

[skott]

oil is down today but this stock maybe sounding the "silent alarm" pattern. Farleys ADA is showing a divergence. I can't get the chart to load right now. I will try and post it show the TA

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.

[skott]

BQI Silent Alarm

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

[Brian]

Also, if you connect the lows you get a tighter and tighter wedge, all of which suggests a blast to the upside could be coming imminently.

[fib_1618]

here is the chart with the clear divergence of Farley's ADA.

You only have the possibility of divergence....you currently have no divergence.

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

[skott]

I've been using it over 5 years using 14 and 7 exponential periods I find it to be usefull with many stocks . I can't say that I have used it with penny stocs much and of course that isn't the case here divergence on this chart. since April 9 the stock has been going down but the ADA line has been moving up that is a divergence to me. Also on the weekly chart since feb 16 the price has been declining as it has been since last may but the ADA line has been moving up since feb 16 and since making a low in July 2006 ADA has been making higher lows despite price going lower. I'm watching the trendline to see if it breaks out but I do own some already

[PorkLoin]

Skott, at the least I'd say BQI has its work cut out for it. I've seen a lot of chart patterns that resolve bullishly like this one -- a steep, fast rally then a meandering decline down to a double bottom or close -- but the volume pattern is not compellingly bullish to me and there was the one huge volume spike on a down day in Mid-April. I look at Accumulation/Distribution and Chaikin Money Flow, too, and while they could turn up, they've been really negative for the last three months. BQI has also been quite weak relative to other oil sands stocks. No huge positions here, but I do own CNQ and PCZ, as well as UTS.TO, WTO.TO, and CLL.TO. I'm a bull, too, for the long-term. Those five have put in pretty good bottoms in the last 6-7 months, while BQI could be teetering on the edge of breaking to new lows. Good luck, Doug

[skott]

thanks PL. You may be right. The high selloff volume you refer to......... those high volume down days have usually come near a meaningfull low. No certainties in this game. I've heard some of those other names and I'll look at them as well.