skyfixh - PWAV could just form an intra day bull flag.
Always look at those 5 min charts. It's common when a stock
breaks out on good volume intra day, it pulls back on light volume,
that's bullish action and day traders can look to buy again there.
Now it's too early to say for sure that PWAV will form a
flag, but it's possible given the 5 min chart.
Otherwise one thing that Steve and I like to do on these stocks
is that we ride the first intra day move up, then sell it or sell
1/2., then look to buy again if the stock pulls back on light
volume in a bull flag pattern on the 5 min
Posted by mrjasongill on 16th of Feb 2011 at 10:12 am
I had this on my list for this morning, but missed it too.
$4.01 was the previous high from 1/14 and it took that out. I
might consider picking some up if it got back to that level.
That should act as support now.
PWAV
Posted by steve on 16th of Feb 2011 at 09:42 am
PWAV
Nice and quick.....
pwav - a pump and dump company
Posted by lebow on 16th of Feb 2011 at 10:54 am
Volum drying up on PWAV.
Posted by skyfish on 16th of Feb 2011 at 10:46 am
Volum drying up on PWAV. C not following SPX up. Is there another report coming out?
skyfixh - PWAV could just
Posted by matt on 16th of Feb 2011 at 10:52 am
skyfixh - PWAV could just form an intra day bull flag. Always look at those 5 min charts. It's common when a stock breaks out on good volume intra day, it pulls back on light volume, that's bullish action and day traders can look to buy again there. Now it's too early to say for sure that PWAV will form a flag, but it's possible given the 5 min chart.
Otherwise one thing that Steve and I like to do on these stocks is that we ride the first intra day move up, then sell it or sell 1/2., then look to buy again if the stock pulls back on light volume in a bull flag pattern on the 5 min
Yes, got email alert from
Posted by steveo on 16th of Feb 2011 at 09:45 am
Yes, got email alert from TOS also!
TOS? what's that?
Posted by kylengo416 on 16th of Feb 2011 at 09:45 am
thinkorswim, trade platform good alert system
Posted by steveo on 16th of Feb 2011 at 09:46 am
thinkorswim, trade platform
good alert system with email and notes in case you don't have BPT open, on the orad whatever
Missed breakout by seconds. now
Posted by skyfish on 16th of Feb 2011 at 09:52 am
Missed breakout by seconds. now hanging at 4.07. If if retest 3.89, would anyone buy it?
I had this on my
Posted by mrjasongill on 16th of Feb 2011 at 10:12 am
I had this on my list for this morning, but missed it too. $4.01 was the previous high from 1/14 and it took that out. I might consider picking some up if it got back to that level. That should act as support now.
I would keep an eye
Posted by baker on 16th of Feb 2011 at 09:55 am
I would keep an eye on volume patterns on the 5 minute and use that as my buy trigger.