A Perfect Chart Set Up? XIDE

Discussion in 'Stocks' started by stonedinvestor, Mar 15, 2007.

  1. Hey guys. One thing I find hard is applying normal technical rules to hype (theme) stocks. Does it work?

    Take Exide. Look at a 9 month chart what does it tell you well it tells me 2 different things. The Bull case-
    a sleepy $4 stock caught a boatload of volume and soared to $9 it pulled back on LOW volume to support the very spot it gapped up to originally $7 which also happens to be right ontop of a rising 50 day trendline.
    This would be a buy.

    The bear case this is a piece of sh*t battery play like so many others it was always a $4 stock and that's where it belongs and when the dust settles where it will be.

    Anybody want to take a technical stab at XIDE?

    ~ stoney