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what do you make of JOSB?

 
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mesa613



Joined: 12 Jan 2006
Posts: 78

PostPosted: Tue Jan 23, 2007 9:04 pm    Post subject: what do you make of JOSB? Reply with quote

The 20, 50, and 200 dma all converging and the stock basically makes a doji today on very light volume. I don't know what to make of it, if anything.
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ChickenHawk



Joined: 24 Apr 2005
Posts: 247
Location: Houston, Texas

PostPosted: Sat Jan 27, 2007 12:09 pm    Post subject: Reply with quote

Stochastics look good. Pattern similar to Nov/Dec. Nice channel spread of $3-4

Put a Fib and notice that the close is at 38%...appears to be a support area, and good chance for a bounce back into the channel, although there may still be a little room left to the downside.

Definitely worth watching....Wave 3?

Happy Candling Exclamation


Chart courtesy of StockCharts.com
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