Wednesday, October 28, 2009

Chart update of the week: ALCO and HLCM

1. CHART of ALCO




For short term play (tsupita).  ALCO is currently at trading range.
MACD and RSI are still bullish with %R nearing oversold state.
Look for some quick play near 0.28 of the fibonacci support line.


2. Chart of HLCM




HLCM is on strong uptrend and is currently on my "action zone".
MACD and RSI is still bullish and indicating a slight correction for this stock. %R at -80,  just entered oversold already. This stock will be ok for the taking once again %R triggers a buy signal while the MACD crosses over its signal line. Or a swing point low candlestick pattern is form. A good entry for me is near 4.95.

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