Stock Hideout
User Name
Password
Not a member yet?
Register Now!

» Log in
User Name:

Password:

Not a member yet?
Register Now!
View Single Post
  #2 (permalink)  
Old 11-17-2008, 10:26 AM
Naamplao Naamplao is offline
Senior Member
 
Join Date: Jan 2008
Posts: 184
Default re: Generex Biotechnology Corp. - GNBT

I agree...this is one to watch

Here is the Sharpchart (there are no pinchers, I checked)

GNBT - SharpCharts from StockCharts.com

It cannot be seen here but the Bollinger Bands are like a long tight tunnel and I like the position of the share price within this formation, bouncing off the top of the 20dayMA...very nice

You can see that the share price has tracked just below its 50 dayMA and now it is headed in a way that looks like it will challenge this line in the near future.

The TRIX is arching strongly positive, the RSI is flatlined about 50% looking like it is staging for a rise too. The Accum/Dist is unchanged and negative but that does not bother me too much.

Here is the P&F chart



Firm support is at $0.32 the resistance is at $0.35...almost as though we have reached the apex of a pennant....this is a critical time for sure. That next resistance is at $0.39....This is close to the 50dayMA and break this and it is clear sailing to $0.50

Here is the 5 day Bigchart.com linechart



You can see that strong support at $0.32, can't you? The resistance at $0.35 is shown at a lesser rate. The tightened BB's in this chart shows there will be a jump/fall of significance on opening....I'd bet it will be on the upside.

Yes this is a stock to watch all right
__________________
I am not a stockbroker. I retired four years ago and learned charting. The opinions expressed in my posts are my own. Do your own DD and accept or reject my comments as you please.
Reply With Quote
 

All times are GMT -4. The time now is 02:00 AM.

Checking For Related Data...
© 2009 StockHideout.com - All rights reserved.
Clicky Web Analytics