good morning!
Take a look at the price target!
check this one out! what do you guys think?
this is what my pivot calculator says, any thoughts?
Hi pinoleropuro, you should have posted this on the Watch List, or else it is confusing. I'll move it to that board and will reply you there.
sorry about that!
Quote from: pinoleropuro on March 28, 2008, 06:10:09 AM
this is what my pivot calculator says, any thoughts?
It's cool :)
The idea behind it is that a long white candle with volume above average will probably have some follow through. You expect to buy just above the midpoint of the white candle and then sell for a profit at a new high. If the stock breaks down below the midpoint by some margin you execute a stop loss.
Basically you're putting money on a big white candle having follow through more often than not. You could actually test this system on a variety of stocks and prove if it actually works or not, using historical data, and what to expect from it for the future.
Do you have the Metastock software pinoleropuro? You should ...
I don't know much about SPIR, but on my chart the stock is in a bearish trend and just hit resistance at the 50 days SMA. Any news behind yesterday's big jump?
Good luck :)