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  #6 (permalink)  
Old 09-18-2008, 01:15 PM
Naamplao Naamplao is offline
Senior Member
 
Join Date: Jan 2008
Posts: 184
Default Re: URHN ready for a bounce!!!

I have never seen so much excitement as I do here on a single uptick

Unless you are all daytraders here and watch this stock like a hawk there is little to be recommended in this stock as I see it.

Look at the sharpchart: URHN - SharpCharts from StockCharts.com

What jumps out is that the share price is dropping at an angle that rivals the final moments of the Titanic. The bollinger bands are wide open and where is the share price???....hugging the lower band....oh yeah...that's bullish

Certainly the RSI is in "Oversold" territory or should we say gutter. The TRIX is diving negative and the Accum/Dist is very negative and well below its 20 day MA. The share price 20dayMA has just negatively crossed the 50dayMA and the 200dayMA??? it is not even on the chart it is so high.

Here is the P&F chart for a long term look



Very Bullish here!!!......NOT!!!

The chart itself predicts $0.00 and by the looks of this chart it has the potential to make it. A support level, weak as it was, at $0.14 has been smashed today(at the time of writing on Sept 18). Where the next support comes from, who knows? Resistance levels are now back at $0.14 though this stock does jump a bit so I doubt that is firm. $0.18 is probably a better guess.

Here is the 5 day Linechart from Yahoo



Definitely a turn for the worse here. Before this stock turns around there has to be an end to this slide in price and that isn't a single uptick. Before it turns around there should be a lot of sideways movement.

Unless you are a day trader, watching this stock closely or perhaps a short seller doing the same, those who are for long or short term (more that a day or two), I would stay away from this stock for now. A better bet would be ODD or EVEN, RED or BLACK, even 0 or 00 gets you better odds at making money IMHO.
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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.
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