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Post by gitonwithit on Mar 28, 2005 20:35:01 GMT -5
This has had a bullish macd divergence since about Feb on the daily chart, since about Oct 04 on the weekly chart.
On the daily the ADX is looking up as is the money flow on the weekly. Looks to me like the bottom is in.
Searched for ANCC on this site, so if I'm repeating what is stated elsewhere, oops!
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Post by DJF on Mar 29, 2005 1:19:43 GMT -5
Could be a relief bounce - so I wouldn't chase this, but taking a small bite and letting it ride a retest of its recent lows ($1.24) before adding to the position. Look to the 200-day moving average as an upside target. stockcharts.com/gallery/?anccDD as always, DJF
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Post by gitonwithit on Mar 29, 2005 20:01:04 GMT -5
Well, it got tested today in a big way. Bought some more at 1.20. Sooner or later it's gonna breakout.
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Post by gitonwithit on Mar 30, 2005 11:05:56 GMT -5
So much for that. Stopped out at 1.08.
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