3SOF

I got in a few weeks ago at 2.25. Just sold it. Maybe pulled the trigger too early, time will tell. Good luck to you sir!

Luke Q

Quote from: puenthouse on November 07, 2005, 10:24:05 PM
this picking back up. anyone still on it?

Thanks for bringing back up to the front page puenthouse ! Applaud!!!!
Looks like we may have a Breakout. Need to check back in, re-evaluate daily. Something is going on.
Falling Wedge (Reversal) Pattern

The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.

The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.

As with rising wedges, the falling wedge can be one of the most difficult chart patterns to accurately recognize and trade. When lower highs and lower lows form, as in a falling wedge, a security remains in a downtrend. The falling wedge is designed to spot a decrease in downside momentum and alert technicians to a potential trend reversal. Even though selling pressure may be diminishing, demand does not win out until resistance is broken. As with most patterns, it is important to wait for a breakout and combine other aspects of technical analysis to confirm signals.


Support @ $2.33...2.06...1.84
Resistance @ $2.60...2.88

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
23.97%above 13-day EMA
24.39%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $35.60 
P/E Ratio: 8.32 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

Thank You setravis   
Good info , does the RSI worry you at all?  Will watch tommorrow to see if it hits the resistance you mention at 2.60, so far the 2 day gainer has been nice and steady w/o significant dips.  Any sign that you are watching for to predict a breakdown of this run back to $2.00 or less..  the support in the 1.90 range has been great for a few months, i rode the first rise and have been out  since.
cheers
joe

OUCHHHH.   New Dragon Asia Corp. Corrects Weighted Average Shares

Thanks and applaud setravis. I have almost forgotten this stock but like most undervalued chinese stocks this one is getting alive. I am not sure I will get back into it but goodluck to all those holding.

SETRAVIS you still watching this one... wow some resistance at the 2.60 mark as you predicted.... was that one minute crash a TA call or on the news of the shares correction? (significant?)  It blew right through my stop limit so i am a holder here because i do like the company and got in early.  TA still looks like it is on the bullish side because it did not go back to 1.90... thoughts... will it go down there and why?  Learing all i can about TA
cheers joe

Watch out for the bearish engulfing pattern today... of course will need confirmation but could signal start of a bearish trend.  Two bullish signals and two bearish signals in four days.  I'm sure y'all will appreciate my very in depth text on the chart  .  Just keep a close eye on it joe cause there could be some interesting movement  !

Thanx dwest718  curious to see what thursday brings cheers joe

Time to put this thread back up.

I want to get in, but I waiting for the right time.

Would someone be so kind to make a small Technical Analysis?

Looks like NWD is making its way back up after some sideways consolidation in the $1.50 - $1.60 range.  Today it broke out away from the base and moved above the 50MA.

Looks good.  In at 1.55

NWD is on my close watch, is this a bump on the new aquisition news?  Or will we see a run up into earnings like November?
Hoping to empty this bag with my averaged down shares.  Cheers Joe

Got in last week at 1.58.
I expect a next run when we'll see Q4 numbers. (8/9 feb)

NWD was and still is on fire 
(currently 2.10)

IMO. NWD will likely follow it's 9-day moving avg for a while.  A cup and handle may form soon, we'll see.  Very bullish.

Breaking through 2.25.