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
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Volum drying up on PWAV.
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