Crude Oil

Monk · 08-19-2004

Here'a a precious metal stock I like a lot.

http://stockcharts.com/def/servlet/SC.web?c=cde,uu[w,a]wacayiay[d19930511,20041231][pb30][vc60][ila12,26,9][j22695885,y]&listNum=8
(you'll have to copy and paste this into another browser's address bar.... link doesn't seem to work on the board)

You can see the latest pullback has moved us down to the support line. I like to buy breakouts thru resistance... or in this case a bounce on the support lines (if the stock breaks down below the support line, I know its time to sell)... otherwise its a hold until some other type of resistance shows up on the chart.

You can see all the volume on the 2003/2004 breakout and the pullback of volume on the latest pullback... these are bullish signs.

This is a long term chart and any purchase will be a long term hold... frankly I cannot ifnd the time to daytrade lately.

08-19-2004	#17
Monk Members Join Date: Oct 2002 Posts: 497	Here'a a precious metal stock I like a lot. http://stockcharts.com/def/servlet/SC.web?c=cde,uu[w,a]wacayiay[d19930511,20041231][pb30][vc60][ila12,26,9][j22695885,y]&listNum=8 (you'll have to copy and paste this into another browser's address bar.... link doesn't seem to work on the board) You can see the latest pullback has moved us down to the support line. I like to buy breakouts thru resistance... or in this case a bounce on the support lines (if the stock breaks down below the support line, I know its time to sell)... otherwise its a hold until some other type of resistance shows up on the chart. You can see all the volume on the 2003/2004 breakout and the pullback of volume on the latest pullback... these are bullish signs. This is a long term chart and any purchase will be a long term hold... frankly I cannot ifnd the time to daytrade lately.