Originally posted by ParkTwain
BEL - Spike calls a bottom.
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Here is the Guppy read on BEL. All the way to last Oct BEL had a lot of uncertainty. Now this is how to interrupt this chart. The Blue represents the short-term traders and the Orange represents the longer-term traders. When the blue lines compress this represents profit taking and possible set up for a swing trade. (see ABC).
Now when the longer-term EMA’s begin to spread out should mean that longer-term traders/investors are getting interested in the stock. Notice (1) how the EMA’s are now beginning to spread apart. Also notice the © has compressed and a hook up here will offer a possible buy in on BEL. Now having said all this I must make it clear that I’ve never used the Guppy EMA’s and so this is purely speculative on my part.
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BEL question for spike and others
[QUOTE=spikefader]BEL update.
Nice r/r entry long presenting now dudes.
is bel still a good buy today ?
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extreme q vaporizerLast edited by gerihearne; 01-26-2011, 12:23 PM.
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bel future
Originally posted by TFredGreetings,
Seems like it would be a chase entry,but I always defer to Spike.Sellers seem to be running out.
cordially Tom
any thoughts on longterm?
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Suzuki T350Last edited by gerihearne; 01-26-2011, 12:23 PM.
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Originally posted by TFredGreetings,
Seems like it would be a chase entry,but I always defer to Spike.Sellers seem to be running out.
cordially Tom
Even though it is up 2% today, it is trading near its' 52 week high. I would call it more of a hold than a buy. It may have made it's run already. I am holding out for the company call on March 8th. If I like what I hear, I may take a small stake (300) to bury for a long term hold.
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