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Solar Enertech Corp. Message Board

  • skiv2010 skiv2010 Mar 9, 2008 2:09 PM Flag

    0.6001 Bottom, Reversal During Monday 03/10/08

    From my perspective, this is at bottom and will begin reversing tomorrow.

    The current trend contains 2 consecutive gaps down in an 11 day decreasing trend. The full Stochastic oscillator is at a support level which has allowed strong bounces during the previous year, and further suggests that the bears lack sufficient amount of power to further push the price down.

    http://finance.groups.yahoo.com/group/Trading_Bottom_Reversals/

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    • I sincerely hope you are right about this but SOEN is now at .56 as I write this at 3:00 PM EDT! I would like to see a close at .60 or above this afternoon for a possible trend reversal.

    • I hope you are right for youeself, but I don't care about chart analyzers when the market is in unusual situation like now. Actually,I even hope the bottom go the lower so that I can buy SOEN more.
      What has been happened to SOEN is simple to me.The investors
      are withdrawing their money from fragile and uncertain stocks which is in .OB or pink,Chinese related,under $1.00 and in solar sector. Is that famillar with you?
      There is no other reason, ordinary investors are just doing right thing in accordance with the suggestion.Other words,SOEN can do nothing with it for now.
      Broadly speaking,2008 is a buy-year of stocks at a huge bargain and the spring of 2009 is a harvest season for those who bought SOEN in 2008.