Showing posts with label bottom plays. Show all posts
Showing posts with label bottom plays. Show all posts
Wednesday, September 21, 2011
China WiMax (CHWM) Technical Stock Chart Video
CHWM has risen by 20 percent with strong volume in the last two days, trading 3.7 million shares yesterday. The chart now faces resistance at $0.006 (yesterday’s closing price). The next level of resistance is not until $0.008 and support stands at $0.005. A classic bottom play with MACD/PPS positive divergence, technical traders will be watching for volume to remain strong to show that CHWM may have found a true bottom.
Wednesday, August 17, 2011
Far East Energy Corp (FEEC) Technical Stock Chart Video
The FEEC chart is in a relatively familiar position have formed a base, tried to make a climb and then slid back to break the support level. Once again, the chart is trying to climb and is meeting some resistance. A penny play such as this can move quickly if the momentum continues which is what technical traders will be looking for today.
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