doji, page-9

I have been watching this stock since early march when it came up on my radar as a possible trend reversal. On March 2, most, but not all, indicators told me to buy but had no funds. I have been waiting for an entry for the past few weeks

I cant post a chart so I will try to explain in writing, which may be hard to follow.

Early March saw the sp break through both the 100 day and 200 day moving averages (my signal to buy amongst a host of others, MACD, DMI etc). Please note the 100 & 200 day averages were inverse (ie.200day 47.3c was above the 100 day 45c). It is preferable that they were the other way around.

The sp then went higher iduring March as the market got excited.

The sp is now doing something very typical of a stock showing a reversal. It is retesting the moving averages after previously breaking through. The moving avaerges are now crossinh as well (at 48c)

Yesterdays price hit 46c as a few panicked and/or stop losses were triggered, but quickly bounced up nearing 48c.

This one could bounce around the 47-48c mark for a while (a week or so) prior to setting off north again.

A break above 52c for me would be bullish, further falls, especially below MA's would serve as a false break.

My opinion only DYOR

I do not hold COE (yet)