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Stone Energy Corp. Message Board

  • cwbag11 cwbag11 Nov 5, 2009 9:17 AM Flag

    SGY Technical charts

    I have been fiddling around studying charts for the last 6 months looking at different indicators and patterns. I look at SMA4,SMA9,SMA20, MACD and histogram, ADX, and Stochastics.

    Anyways I have noticed when the SMA4 crosses up through the SMA9 it is usually a powerful move upwards on the daily chart when the MACD is positive.

    Also I was playing with the Etrade monthly chart going back 10 years. I noticed when the MACD crossed back positive, it also a powerful longterm up move. That is exactly where we are right now with increasing RSI.

    The 4,9 just crossed on the daily chart and that is usually good for a week of upside move.

    I admit I don't really know what the heck I am doing, but have learned enough the past 6 months to make an educated guess rather than just buying willy nilly like I did before, hoping it would go up.

 
SGY
5.36-0.43(-7.43%)Aug 3 4:04 PMEDT