Monday, June 23, 2008

NAVG LOOKS GREAT ON P AND F AS WELL AS A DAILY CHART



NAVG looks good on a P and F chart as it has broken a downtrend and is now consolidating. If you look at a daily chart like the one here, you will see there is a strong rise in the ADX after dipping to 10 in mid-June. As the ADX gets to that low, there should be a strong movement one way or the other and it has chosen up. Now, the 200 day MA may pose a threat to this recent rise as it met resistance today. I would love to add shares when it retreated back down to $52.50 to $53.50.


GXDX has done the same thing and right now it may be a little overexteded. So wait for this one to pull back into the $29 to $31 range.

No comments: