jrbikes
624 posts
msg #79651
- Ignore jrbikes
modified |
9/19/2009 3:29:12 AM
DLB7, look at WAMUQ, at the 80 million share day, that was the new high, draw a straight line across, .22 was the buy signal on a daily chart
of course we dont know if it will go up! but the trend is definately up!
Be sure to go back and look at a long time frame, see it at .40, long term resistance, if it breaks, it may stall at .40 and consolidate or break down, or blow right through it! just keep that price level in mind!
same analysis on every chart!
Type in WAMUQ on home page hit enter, and look at 3 day pattern matches! or any day pattern match, I like pennies so I go by price when I am deciding what chart to look at!
Do the same scan, but take out the EMA(200) and you will see LEHMQ, it is above the EMA(20) but the EMA(20) is below the EMA(200) but the pattern is typical!
Good luck!
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DLB7
43 posts
msg #79658
- Ignore DLB7
modified |
9/19/2009 9:17:43 AM
jrbikes,
Thanks a ton once again for spelling it out so clearly and the scan. I'm sure this will help others too who are interested in momo penny trades. I can see this is the way to go and will share finds as I get going.
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DLB7
43 posts
msg #79664
- Ignore DLB7
modified |
9/19/2009 11:17:41 AM
jrbikes,
Type in WAMUQ on home page hit enter, and look at 3 day pattern matches! or any day pattern match, I like pennies so I go by price when I am deciding what chart to look at!
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Great lesson on pattern match, I had no idea this was possible. I sorted by price with cheapest first.
Scan came up with these penny high volume uptrending stocks and more. I put them on Prophet Charts to draw trendlines & S/R.
EBHIQ .11 Ascending Triangle
WAMUQ .25 Breakout
AVRNQ .26 Breakout
LEARQ .34 Ascending Triangle
ARPLQ .43 Breakout
CRENQ .1.43 Ascending Triangle
Trade these using 10/60 cross on 5 min chart & volume surge, correct?
Thanks again.
PS: I read an important lesson on pre market volume on Friday. DNDN shot up in pre with no volume. It collapsed at the open. Lesson: if there is no volume surge with the price surge, it's a fake.
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