Tuesday, July 05, 2005

XWG - First consolidation over $5.00


XWG is right at converging support: the 50-day moving average and the $6.00 level. This is the first consolidation since the stock broke out from the $3.00 level. The first consolidation over $5.00 is the best place to get in to a bullish stock, based on my experiences. When I bought NSI (now NTRI) earlier this year for over 100% gain, it was a similar situation to XWG right now. Buying just right will mean the difference between making money and losing money on XWG, so we'll see how I do =)

1 Comments:

At 12:36 AM, Blogger Gordengekko said...

Interesting we linked your work on visual trader.

Gekko

 

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