PBHG Daily Chart ~ Just About Three Weeks of Basin
Post# of 1187
Posted On: 01/05/2014 5:00:14 PM
PBHG Daily Chart ~ Just About Three Weeks of Basing Near .019/.02
A few of us have continued adding to our positions in PBHG once the basing began at the .019/.02 level. The indicators are pointing to an imminent reversal to the upside with the FullSto and MACDs having crossed over to the positive a few days ago. The RSI, CMF and MFI have all been diverging to the upside during the consolidation period of the last three weeks. The middle bollie at .025 and the MA100 at .026 need to be surpassed with volume. The MA50 and 200 are in the .04/.05 area. A move and close above .06 would be the confirmation needed to confirm that the next leg up has started. Anything other than that would be a nice trade. The catalyst for a sharp move higher will more than likely have to come from the company in the form of some significant and material news. GLTA
A few of us have continued adding to our positions in PBHG once the basing began at the .019/.02 level. The indicators are pointing to an imminent reversal to the upside with the FullSto and MACDs having crossed over to the positive a few days ago. The RSI, CMF and MFI have all been diverging to the upside during the consolidation period of the last three weeks. The middle bollie at .025 and the MA100 at .026 need to be surpassed with volume. The MA50 and 200 are in the .04/.05 area. A move and close above .06 would be the confirmation needed to confirm that the next leg up has started. Anything other than that would be a nice trade. The catalyst for a sharp move higher will more than likely have to come from the company in the form of some significant and material news. GLTA
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