Wire, Apol, Yhoo

Discussion in 'Stocks' started by cashmoney69, Nov 16, 2006.

  1. Wire


    Pullback of .58 today, not that big a deal. Momentum still looks good, but MFI isn't providing much info as it still says "oversold, but no one's buying". Still bullish on this one.



    MFI rising nicely ever sense late October, showing buying interest, and has just now crossed over 50 (half way point), however the stock has been in a down trend which has formed a positive divergence pattern. Early November, volume has been rising as well (but kinda hard to see), and ROC (momentum) has remained flat. Today APOL closes above the 12 MA on higher than average volume. So what does all this TA stuff mean?..it means that someone is buying, but does not want us to notice...most likely they were buying large size on the way down, not to cause a bullish volume spike, so they could get stock on the cheap. I'm buying at 35.15... Delta, you with me? :p



    Price has fallen below 7 and 12 MA's.. MFI was deeply over-bought. ROC shows buyers backing away, but sellers have not jumped on the bandwagon yet, but I think they will when ROC (momentum breaks below 0)..thats when I get my volume spike.. DIE YAHOO!! :cool: