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FDO

 
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n7kon



Joined: 09 Oct 2004
Posts: 52

PostPosted: Sun Dec 12, 2004 12:36 pm    Post subject: FDO Reply with quote

FDO
I am looking at FDO has a large bullish engulfing pattern after in inverted hammer. Two small candles after that but did not drop below the large white candle. Sto’s look good and there is a trend line from the peek of the middle of Feb. that was broke in late October. This last little down did not break the trend line. The last down was on a down grade from an analyst. The one thing I do see is that the volume got lower and lower on the down slide and only came back up to about average on Friday. Any thoughts on this analysis.
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Mon Dec 13, 2004 2:49 pm    Post subject: FDO Reply with quote

The gap up today was right at the 50 day MA when it started backing off, would anticipate a couple days of consolidation now before the uptrend will continue, the 50 day opening is usually an indication that they could not take it through the first time, now look for another test in a few days.
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