Edited by hiker, 30 May 2007 - 09:09 AM.
dbrn
Started by
hiker
, May 30 2007 09:07 AM
6 replies to this topic
#1
Posted 30 May 2007 - 09:07 AM
today represents 3rd retest of the d/t line that has held back all prior advances since the historic high
this current retest is precisely right on the terminating price of that d/t line
20month sma is 21.41..which lines up nicely with some prior swing highs
15month sma is 22.29
#3
Posted 30 May 2007 - 10:31 AM
appreciate the feedback. thanks.
I remain long CWTR and DBRN entered yesterday and today....see no reason to sell yet...I have no idea whether DBRN will close above d/t line, so will give it time to prove itself.
#4
Posted 30 May 2007 - 10:57 AM
24.30- 24.50's..sold CWTR longs..will look for reentry
TA says to remain long...I am simply booking profits.
Edited by hiker, 30 May 2007 - 10:58 AM.
#5
Posted 30 May 2007 - 11:39 AM
The volume is on your side.
Looking even better than it did this AM.
#6
Posted 30 May 2007 - 11:42 AM
DBRN...on the daily chart, the volume candle so far does not look like anything special, tho' by the close it may be above the recent ones since 11/28/06...so far I see no reason not to give DBRN more time to break above d/t line.
CWTR..will decide in later p.m. whether to reenter long before the close
#7
Posted 30 May 2007 - 02:24 PM
i have sold DBRN long...probably early.