Blaine Tarr
04-23-2012, 06:02 PM
Watching the 11.00 level into tomorrow as its a price resistance point and also the 50 day moving average is resting right on the same spot, which could be a double breakout causing several types of technical buyers to jump into the stock. Here's the chart:
http://content.screencast.com/users/btbulldawgs/folders/Jing/media/299f34aa-7588-4f4d-981b-51c23b49f467/DNDN%204.24.png
Disclosure: I have no position at this time, but may take a position based upon the idea mentioned in the chart above. To see what I and other chart traders are actually buying and selling to make some beer money, join us in our trading room. (http://onlinetradersforum.com/showthread.php?t=623969)
http://content.screencast.com/users/btbulldawgs/folders/Jing/media/299f34aa-7588-4f4d-981b-51c23b49f467/DNDN%204.24.png
Disclosure: I have no position at this time, but may take a position based upon the idea mentioned in the chart above. To see what I and other chart traders are actually buying and selling to make some beer money, join us in our trading room. (http://onlinetradersforum.com/showthread.php?t=623969)