Chart Set-up - watching for an entry [Archive]

Luc1Grunt

12-08-2006, 08:23 AM

Been watching this for an entry.

PKD (oil related....world news effects).

Take a look at the chart on this. I don't own, but for you chart folks this has possibilities. It is also sitting at oversold today, but the range will not justify a "pop" in my mind.

Pivot at 9.15....see what she does.

Food for thought.

531

TheChartGuru

12-08-2006, 09:27 AM

[QUOTE=Luc1Grunt;52402]Been watching this for an entry.

PKD (oil related....world news effects).

Take a look at the chart on this. I don't own, but for you chart folks this has possibilities. It is also sitting at oversold today, but the range will not justify a "pop" in my mind.

Pivot at 9.15....see what she does.

Yes, low RSI but it may drop to support of $8.83 or there about. It is in a nice uptrend, so I believe PKD is a low risk if it goes a little lower. Of course, if it crosses the Pivot at $9.15, chances are that it will reverse and go higher

The Guru has spoken

Luc1Grunt

12-08-2006, 11:50 AM

Ayyuupppp.

deerhunter

12-08-2006, 12:28 PM

I bought that one 2 months ago at 6.80 and sold at 9.80 a few weeks ago. Made a nice little profit on that one.

Luc1Grunt

12-08-2006, 12:51 PM

I'm not in it (PKD....and lost my data feed so I'm 20 minutes behind on anything that is going on).

Think I'll focus on the Christmas Party tonight and write off making any trades today. I know there is a fifty cent piece in QCOM and AMZN (either long or short though)!!

TheChartGuru

12-08-2006, 08:55 PM

[QUOTE=Luc1Grunt;52402]Been watching this for an entry.

PKD (oil related....world news effects).

Take a look at the chart on this. I don't own, but for you chart folks this has possibilities. It is also sitting at oversold today, but the range will not justify a "pop" in my mind.

Pivot at 9.15....see what she does.

Yes, low RSI but it may drop to support of $8.83 or there about. It is in a nice uptrend, so I believe PKD is a low risk if it goes a little lower. Of course, if it crosses the Pivot at $9.15, chances are that it will reverse and go higher

The Guru has spoken

PKD, close to a reversal. Maybe Monday or Tuesday. A longer tail hammer today then Thursday and RSI(10) going lower. Also, the price dipped below the LBB and bounced.

The Guru has spoken