woofys
212 posts
msg #101972
- Ignore woofys |
8/3/2011 2:49:32 PM
Right now I'm using things like: rvi(14,10), cci(5), macd(4,10,6) etc. I want to get more of a insight into dealing
with those very tiny (------ -- ----) price bars, and catch them before they gop up. Thanks for your help.
|
jrbikes
624 posts
msg #102254
- Ignore jrbikes |
8/14/2011 7:52:16 AM
price and volume coupled with 4 indicators are all you need for pennies, try this!
Look for a recent 52 week low, (this could be 3 or 4 months) then RSI(14) is above 50, MACD (12,26,9) is diverging, the close is above the SMA (9,18,27) and the chart has formed a ascending triangle, or wedge, example is VLCO, look for the next pull back after this recent high, it is a high wave candle, it meets all the criteria, here are some stocks for your research, they all exhibit the same pattern,
VLCO
LBAS
PCFG
BLOBQ
JVA
LEXG
this works in all price ranges, and pay special attention to the RSI(14) above 80 and the amount that the price is above the MA(9), it is all a matter being patient!
|