Joined: 24 Apr 2005
Location: Houston, Texas
|Posted: Thu Jun 02, 2005 3:56 pm Post subject: Alert Watch for XCHC
Pivot Points, Resistance and Support levels from the previous week are included in chart.
R2 = 1.39
R1 = .95
PP = .72
S1 = .28
S2 = .05 (did not fit into the chart, but if it goes this low I will be surprised)
This stock has some interesting points.
It appears to have bottomed out compared with it's last low in Nov 04'.
A bounce occurred at Support level 1 once it passed through the 500MA.
The Stochastics, RSI, and MACD are oversold in an uptrend pattern.
A good stop might be around 1.40 once it passes through the 200MA.
Volume is not large, but pattern is similar to Dec 04 patterns.
Just thought I would bring the attention to this stock.
I noticed the pattern yesterday, bought at .85 with an alert to me at .72 and stop at 1.38 (will watch closer if, or should I say, when it reaches 1.30 range. It dropped to .80, but at the time of this writing came back and hanging at .87. I have to believe in the charts.....also helped to view some news happenings about the company which I felt may be worth the risk.
Cheers, and hope to see you at the Stock Chat tonight 6-2-05