Moving to MY Happy Trading

HappyTradingBlog has moved to My Happy Trading.com. Please come by to say "hi" by clicking here!

Wang's Happy Trading Daily Posts

Wednesday, April 11, 2007

TSO just keeps on going...

Many people have been betting against TSO, 'cause it's risen so high. But, some of them are getting caught by its upwards strength. Let's look at some charts:

Daily chart:
The daily chart shows that TSO is climbing the upper BB nicely, without really going over it. The MFI and RSI, however, are getting toppy.

How about the weekly chart? The weekly chart shows that TSO are acting nicely and just climbing the weekly upper BB, even if it gets to about 112. The weekly MFI and RSI are also getting toppy.

Because the MFI and the RSI are getting toppy, I would not go chasing after it. But, maybe I'll wait to bet against it. At least until the stock has come below the 10-day MA.

No comments: