Ceragon Networks Ltd. (CRNT) Message Board
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50 MA around $16.20
Right off the gate it regained 50 MA. Now let's see if this holds.
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From what I see it will trade in 15.6 and 16.8 range this week. Remember option expires this week and according to max pain the value is 17.5 with 15 being next value.
- 1 Reply to c4210
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I use TA and i can tell you that TA has absolutely no relation to stock price at all. Earnings are the only thing that legitimately decides a stock price. However, why TA works is because you are essentially viewing psychological levels from the past. How did this stock react around even #'s and where did people accumulate the most stock etc. Lastly the reason TA works is because there are enough TA analysts out there to move the market when generic TA events occur, like breaking support/resistance levels etc. All in all TA is a self-fulfilling system of trading. If no one believed in it, it wouldn't work, but people do, so those arbitrary lines on a chart actually mean something.
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We will see 15's again today. Remember more economic news on Wednesday (Housing market data)!
- 3 Replies to AlMlk
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Absolutely right,
Kids are you ready for another ALMLK?
Here he comes. -
it looks like we will see 17 today. LOL
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I hope you're not short this stock.
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I do not know who you represent ,but you are right on one thing,TA won't buy you anything if you are long.
That's agreed( and I am a super long) I claim it won't buy you anything even if you are short.
TA is good to for the TA companies, It does not give any
extra info when you really need some advise, like un the
current situation.
CRNT is going for delution.
What can TA do for me in prediction delution price.
See what happens to CRNT price right now: pure manipulation
, that's all.
As I said, there were not any reason to the analysts coordinated attack on CRNT (the very same one who pushed it up)unless it is related to delution.
All the data the analysts provided including the unsignificant NEC issue, was already on the market.
My bottom line question is , what TA can do for you in this
case? What trends can it give you to predict delution price?
NADA.
You know exactly who is setting the delution price.
I know people tend to buy BUZwords, but that what marketing is all about: Resistences, false techniques with Latin names and so on.
One thing I am sure Warren Buffet is not using TA.- 1 Reply to shik99
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I am not quite sure what disturbs you that you didnt already know...regarding fluctuations in the market...I will leave you with this,
"The key to making money in stocks, is to not get scared out of them" - Peter Lynch
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If someone has a good charting tool please let me know where 50 MA sits. It looks like 16.38 has lot of resistance and I am thinking 50 MA has moved up a bit.
- 2 Replies to c4210
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Who care about all this, this is pure BS that people pay money for.
A stock will go up and down without any relationship to
all this.
CRNT is not continue it's ralley because some people think
it run too quickly up...
May be connected with dilution or any other reason, but not with BS like DMA .
Simple as that to my opinion.
All of a sudden all the analysts think CRNT ran too quickly.
They have just forgotten who pushed it up...
The same analysts.
The question is why they have changed their mind when there
is no justifying reasons for that. -
check out www.stockcharts.com
this is a great charting site. The 50 ma is already an option. Quick and simple. You can even get more detailed.
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