Grow Update

By Brett Goldstein on Jan 22, 2007

Here are 2 charts on Grow. I should have listened to my charts and not bought at 52. Well there are 2 charts that are showing 2 different things. I shall start with chart 1.

Chart 1 – The price right now is in the middle of the upper trendline and a new lower trendline that has formed. The RSI looks like it prob will bounce like in the past.

Chart 2 – I kinda like this chart the best. It goes with my trading style “the trend is your friend” What I will prob do is buy just a little around this price and load up once the trend line is touched.

So in conclusion, whatever chart you think looks the best, stick with it. Dont 4get that a good percentage of the float is short. So any positive news or bump in the stock price will cause some covering.. Good luck

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This entry was posted on Monday, January 22nd, 2007 at 5:08 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.