Hard to go against volume surge--tomorrow very interesting day for Zalicus and the money tree.............
NASDAQ CONSULTANT-----says breakout---anything above .82!!! FWIW..........
Tab: Could our patience finally be paying off?????
Sentiment: Strong Buy
Hopefully it will run up further however, all my TA signals are overbought at the moment. Admittedly, its been up for 35% since August 29 so I expect profit taking soon.
I would sell half of my position now and maintain the rest for long then buy back when it pulls back or IF it pulls back. We need stronger technical confirmation that this is a pure break out.
Bollinger Bands, RSI and Slow Stoch confirms this has been overbought. However, higher highs is imminent and higher lows.
Lastly, AH doesn't mean squat. Don't even bother.
There will be a warm summer wind coming from the southwest and a high pressure moving towards the area. Winds are expected to be light, with little chance of rain. Expect a warm day tomorrow with ZLCS in the lower to mid 90's..
Jakobi: You are so clever :) Hope you're correct!!
that's a good one