frtayor - it's bouncing BUT you now should now turn to an
intraday chart for a SELL trigger. No trigger no trade as it
could continue to rally. The MACD is still holding above the
zero line and this may simply be a bullish consolidation. The
HS pattern has NOT been confirmed as yet.
UPL -- yes so far up 1.7% on 111% avg vol after holding the 50ma
with volume pattern improving for the bulls -- maybe it will run
out of gas at the dt line??? having trouble posting a chart but
maybe it will show up
That's something for you to decide based upon your trading
style. I would focus on the 30/60 minute charts for a sell
signal versus shorter time frames unless you are a quick trader.
Otherwise, wait for a breach of the neckline. UPL is
holding the 50 MA (that's where buyers show up) and until it's
clearly breached, more upside is possible.
frtayor - it's bouncing BUT
UPL?
Posted by steve on 6th of Jan 2011 at 02:15 pm
frtayor - it's bouncing BUT you now should now turn to an intraday chart for a SELL trigger. No trigger no trade as it could continue to rally. The MACD is still holding above the zero line and this may simply be a bullish consolidation. The HS pattern has NOT been confirmed as yet.
UPL -- yes so far
Posted by bkout3 on 6th of Jan 2011 at 02:22 pm
UPL -- yes so far up 1.7% on 111% avg vol after holding the 50ma with volume pattern improving for the bulls -- maybe it will run out of gas at the dt line??? having trouble posting a chart but maybe it will show up
which chart? 60 min? 15?
Posted by frtaylor on 6th of Jan 2011 at 02:21 pm
which chart? 60 min? 15? then watch for MACD to turn below zero? help most appreciated!
That's something for you to
Posted by steve on 6th of Jan 2011 at 02:22 pm
That's something for you to decide based upon your trading style. I would focus on the 30/60 minute charts for a sell signal versus shorter time frames unless you are a quick trader. Otherwise, wait for a breach of the neckline. UPL is holding the 50 MA (that's where buyers show up) and until it's clearly breached, more upside is possible.
thanks -
Posted by frtaylor on 6th of Jan 2011 at 02:24 pm
thanks -