woofys
212 posts
msg #32162
- Ignore woofys |
5/23/2004 9:14:36 PM
XRMY RCO ISO, i would really appreciate feed back on these 3 stocks guys thanks
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EWZuber
1,373 posts
msg #32168
- Ignore EWZuber |
5/24/2004 1:07:18 PM
ISO seems to be set up fairly nice. Weekly and Daily charts look good for a bounce. Not sure this is the bottom though as Monthly Chart is still in distribution. What I like about ISO right now is that there is support at a 13 Month Supporting TL at about $0.25 that so far has been tested once on Friday and held. I would watch this one for a while though and see what happens to the double top pattern that has formed on the Hourly chart. I would want a completion of this pattern first or an opportunmity to buy at support again at $0.25 with a very tight stop.
RCO is in a very long term downtrend and although it is oversold on two time frames this one is not really a compelling chart. I suppose one could wait a while to see if there is some strength starting to show as it appears that capitulation may have occurred on Friday. If this one is caught near a long term Monthly Chart cycle bottom there can be substantial upside but it looks like it will only retest resistance. EPS losses continue to increase.
Could not get a chart on XRMY.
JMHO
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woofys
212 posts
msg #32175
- Ignore woofys |
5/24/2004 10:59:58 PM
zuber thank you zuber . Your insights are always appreciated.
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