Wednesday, January 12, 2011

30 Week MA Staging














Stage 2 (broke above 30 Week MA in association with bottoming of Bollinger Bands and uptick in green aroon) is the most desirable time to hold the stock long (a la Stan Weinstein). EUO was sold because it is still in Stage 1 with alot of overhead Stage 3 and Volume by Price (pink arrows) resistance.

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