With the following information, any type of NEWS will create strong upward momentum! Remember, these are only indicators, however, accompanied by favorable news this creates explosive opportunities to the upside. Things have changed for Coin Technically and here are the 7 updated changes: 1.Investools: The one year chart is set for the perfect storm upward with great upward potential and the 2,5, and 10 day charts look even better 2. Stock Consultants: Target price #1 is $5.31 and Target price #2 is $6.01 overall summary 65% Bullish 35% Bearish 3. Stock charts: Main target price is still $7.50 unchanged 4.Navellier Proprietary Quantitative Grade The most significant variable in the Navellier screening arsenal, it rewards stocks that have been outperforming the market on a risk-adjusted basis. Stocks that have been generating strong, steady returns receive a top score of "A". Stocks that have been underperforming the market and have been very volatile receive the lowest grade of "F". The Navellier Proprietary Quantitative Grade is 70% of the Total Stock Grade. COIN still gets a "B" reduced... from "A" grade the highest, however, still and impressive grade for Navellier. 5. short interest in Coin is 326,700 shs. down from 373,600 shs. or a reduction of 6.16% 6. American Bulls: It is a "Buy Confirmed" as of 1/16/09. 7. Stoxline: 3 stars and ready for potential buy indicator. Technically, the stock is basically in a very favorable upward position, however, any form of positive news and this is postured for strong explosive upward movement. Please, everyone do your own due diligence.
Obviously, you fail to read the message before posting. Note that azinvstr has stated in the first sentence that News will prop the stock up. In addition, azinvstr has said that this technical analysis is just an indicator for possible future movement. Technical Analysis is a common base gauge for possible stock movement or future momentum and can be looked at for many reasons. Since you are not a COIN advocate, the technical analysis means nothing to you and you will simply disregard it anyway. To the informed investor, we look at technical analysis as a way to gauge our long (and yes, short) positions in stocks and etfs. In particular, we use the technical analysis to determine the correct amount of investment capital to be placed into an investment and to attempt to perfect our timing within the stock plays. I too am a momentum investor like azinvstr and look to technical analysis to assist me in gauging both my short term horizon and my long term view of the stocks and market. We all know that stock news and market news along with the perception in the market can override technical analysis. Until I find a better method, regular technical analysis will guide my momentum trading decisions.