PBHG Daily Chart ~ The Reversal to the Upside is N
Post# of 1187
Posted On: 12/24/2013 12:39:14 AM
PBHG Daily Chart ~ The Reversal to the Upside is Near
I added a few more PBHG today at .02 and plan on getting a bit more aggressive now that I believe the stock may have seen the worst. PBHG is attempting to put in a bottom here. What's of interest to me are the positions of the FullSto and MACDs currently. I've circled the indicators that I'm referring to. All are getting ready for a positive crossover. What we'll need to see now is further accumulation of the stock and a little bit of green. That would begin to show as divergence (separation) on these indicators. I can't say the chart is all that good looking, but one can make great profits when accumulating shares while no one wants them. When others are chasing and screaming 'To the Moon', it's typically a great time to sell. And when people are throwing their shares out the window, it's normally a great time to step up to the plate. So when following the current technicals, I'm 'cheating' by buying now because the chart isn't quite there yet. But since the indicators are very oversold and just setting up after weeks of declining, I can't help but steal some stock from those selling. The closer we get to next Tuesday, the less tax selling we'll see. This stock is very thin, and any solid news will propel the stock very quickly to much higher prices as the sellers have been dumping into eager hands bidding for all they can afford. PBHG is having a huge sale at the moment. Funny, when my wife sees a sale at Macy's, she runs to the store and most shoppers do. But in the stock market, when stocks are having a major sale, people run for the doors, lol. Too funny! Let's look back at the chart once a week for the next few weeks and see if I'm right or wrong. GLTA
I added a few more PBHG today at .02 and plan on getting a bit more aggressive now that I believe the stock may have seen the worst. PBHG is attempting to put in a bottom here. What's of interest to me are the positions of the FullSto and MACDs currently. I've circled the indicators that I'm referring to. All are getting ready for a positive crossover. What we'll need to see now is further accumulation of the stock and a little bit of green. That would begin to show as divergence (separation) on these indicators. I can't say the chart is all that good looking, but one can make great profits when accumulating shares while no one wants them. When others are chasing and screaming 'To the Moon', it's typically a great time to sell. And when people are throwing their shares out the window, it's normally a great time to step up to the plate. So when following the current technicals, I'm 'cheating' by buying now because the chart isn't quite there yet. But since the indicators are very oversold and just setting up after weeks of declining, I can't help but steal some stock from those selling. The closer we get to next Tuesday, the less tax selling we'll see. This stock is very thin, and any solid news will propel the stock very quickly to much higher prices as the sellers have been dumping into eager hands bidding for all they can afford. PBHG is having a huge sale at the moment. Funny, when my wife sees a sale at Macy's, she runs to the store and most shoppers do. But in the stock market, when stocks are having a major sale, people run for the doors, lol. Too funny! Let's look back at the chart once a week for the next few weeks and see if I'm right or wrong. GLTA
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