DROOY

[saffeysite1]

watch list.  Momentum

[Terliso]

Gold stocks are hot... SO HOT!!!!

DROOY made a breakout from Ascending Triangle

[gharknes]

Looks like DROOY is abouut to break through $1.60 resistance level, any opinions ?

[Melf Elf]

Looks like DROOY is abouut to break through $1.60 resistance level, any opinions ?

gharknes,

See the existing DROOY file on the Previous 3SOF Picks Board. 

[Terliso]

DROOY is coming back to life with high volume coming in, backed by bullish Ascending Broadening Bottom Pattern

Goodluck guys!!

[alchemist]

anyone have any thoughts on this one? hit 52 week low of $1.07 today. my order didn't fill.

[setravis]

"DROOY" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.   
All history on a stock pick in 1 thread is awesome.   

Thank You....and good luck with all your trades....make some $$$   

[LiveLife]

setravis, can you merge this thread with David's previous thread?

http://www.3stocksonfire.org/trading/index.php?topic=3489.0


Between Sep 05 - Feb 06, as 3SOF recommended, DROOY went from $1 to $2 (2001-2002 run went from $1 to $5).

Historically, DROOY has rebounded off $0.625 in 2000, $0.62 in 2005, and most recently $0.62 in March of 2007.

http://finance.yahoo.com/charts#chart5:symbol=drooy;range=my;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined


Current initial rebound went from $0.62 in March 12 to $0.92 in May 14 with confirming RSI 14 rebound/peak (MACD stayed in positive territory) with distinctive channel of 4 "saw tooth" peaks.

I was anticipating that RSI 14 dip to previous rebounding point below 30, but it appears that it may be rebounding above 30.  10 MA hasn't rebounded and if RSI 14 rebound continues, I am looking to buy for another run to at least $2.   

[setravis]

No, those threads do not get merged with anything on this site.
That is a history of 3SOF Portfolio Previous Trades.......Although you can go there and post updates to those threads.
But you did get merged with this thread that already existed on the Stock Picking Board

[LiveLife]

Thanks. 

[LiveLife]

Continuing to watch DROOY.   

[LiveLife]

Continuing to watch for 10 MA bottom and RSI 2 rebound.

[LiveLife]

RSI 2 approaching SELL signal.

[LiveLife]

Continue watching for RSI fall below 30 and look for rebound BUY entry point.

[LiveLife]

RSI 2 signaled brief BUY but MACD approaching positive.

Once MACD turns positive and remains positive, gain should continue, but I would like to see rebound signs of 10 MA.