Search Google

Custom Search

Sunday, July 22, 2007

In Retrospect: PCP, NI, JFC, GEO

PCP

PCP went to as high as 0.75 before moving down to as low as 0.53. Price movement for this week may either be side to down. Next support is 52/49/45

NI

NI went only as high as 27 and as low as 23. I was wrong on this one, neither a break out nor an upward move happened. Price continued to move downwards. I guess I was wrong at anticipating an MACD cross above the signal line to propel an upward move, which never happened.

JFC

JFC went to as low as 53 for the week. I was wrong again on the upward move, as price went down. Triangle is still intact so this is still a stock to watch.

GEO

Move down last week and somehow invalidated the ascending triangle. Looks like further downward move for this week.

No comments: