Stockwatch: APC - an update
(APC Chart as of May 14, 2009)See previous post on APC last May 11, 2009
(http://tsupita.blogspot.com/2009/05/stockwatch-apc-ajo.html).
APC charts shows a pennant formation since its breakout from the double bottom.
The past few trading days, it seems to be holding it support at its 260-MA which is @ .30.
Playing this stock if this breakout from the pennant formation will give a target price @ .43-.44.
I will enter if the price holds above the 260-MA and breaks the .33 resistance with volume.
(http://tsupita.blogspot.com/2009/05/stockwatch-apc-ajo.html).
APC charts shows a pennant formation since its breakout from the double bottom.
The past few trading days, it seems to be holding it support at its 260-MA which is @ .30.
Playing this stock if this breakout from the pennant formation will give a target price @ .43-.44.
I will enter if the price holds above the 260-MA and breaks the .33 resistance with volume.
2 comments:
i believe you, nice analysis.
unfortunately, today it seems to me a failed pennant. =(
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