watch NANO, the volume is good today and that's a nice daily
pattern. I might put NANO on the watch list if it doesn't break out
today. A stop would be 11.3, potential targets are 14 and
16
so far so good on NANO, if you bought it, I added a suggested
stop for a swing trader as well as potential targets. Of
course if you are a day trade, do what you wish.
Matt, Is there a reason the upper resistance on the triangle is
drawn on today's high rather than the Dec. 12.45 high? On the
hourly it looks like today is a breakout of the triangle if drawn
that way. Is there a preferred way to read this based on the
indicators?
Matt, why is it bullish that the volume has contracted? Is
it because as it has gone down or consolidated it has done so on
lower volume? Thus the implication is if it was really
bearish that the stock was going lower or consolidating it would do
so on higher volume? I guess I'm answering my own
question! But it's always been a little confusing that it's
bullish to see a triange pattern with low volume.
Thanks
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
NANO
Posted by matt on 8th of Jan 2010 at 11:12 am
NANO chart - once to watch, triangle setting up with nice volume contraction
watch NANO, the volume is
Posted by matt on 8th of Jan 2010 at 12:51 pm
watch NANO, the volume is good today and that's a nice daily pattern. I might put NANO on the watch list if it doesn't break out today. A stop would be 11.3, potential targets are 14 and 16
NANO chart -
NANO update
Posted by matt on 8th of Jan 2010 at 01:43 pm
so far so good on NANO, if you bought it, I added a suggested stop for a swing trader as well as potential targets. Of course if you are a day trade, do what you wish.
NANO chart
NANOnew highs! NICE!, hope some of
Posted by matt on 8th of Jan 2010 at 03:15 pm
NANOnew highs!
NICE!, hope some of you here today caught it!
Nano
Posted by baker on 8th of Jan 2010 at 04:17 pm
Yes, I was in at 12.28, thank you!
Nano resistance line?
Posted by baker on 8th of Jan 2010 at 11:26 am
Matt, Is there a reason the upper resistance on the triangle is drawn on today's high rather than the Dec. 12.45 high? On the hourly it looks like today is a breakout of the triangle if drawn that way. Is there a preferred way to read this based on the indicators?
Nano and volume
Posted by sandlamp on 8th of Jan 2010 at 11:32 am
Matt, why is it bullish that the volume has contracted? Is it because as it has gone down or consolidated it has done so on lower volume? Thus the implication is if it was really bearish that the stock was going lower or consolidating it would do so on higher volume? I guess I'm answering my own question! But it's always been a little confusing that it's bullish to see a triange pattern with low volume.
Thanks