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BYD Buyers Back In?

 
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ChickenHawk



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

PostPosted: Sun Sep 25, 2005 1:35 pm    Post subject: BYD Buyers Back In? Reply with quote

If BYD opens higher on Monday near the 45 level, it may be in for a good run up. Nice volumes on the 2oth, 21st and 22nd, 23rd with the buyers winning out, especially with the large gap up and reasonable sized candle. Also note, the small shadows on the the bottom of the candles for the 22nd, 23rd. The 23rd is smaller than the 22nd. indicating the sellers tried, but failed immediately. This would indicate placing a stronger emphasis on the buyers. $48 seems a resistance level, and stochastics turning up.

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