weekend charting november 14, page-45

  1. 14,914 Posts.
    Heres some charts for VBA:

    The big picture on the daily. Note we are a long way away from the 38% retracement level which is good and there is a nice looking gap leading up to it. This tells me we could be in for some consolidation rather than a trend reversal. A break of 60c should see the next serious leg up for this stock. You can clearly see the volume dropping off in this chart.

    [URL=http://img109.imageshack.us/i/vbaaxpricedailyandvolum.png/][/URL]

    A closer look:

    [URL=http://img109.imageshack.us/i/vbaaxpricedailyandvolumj.png/][/URL]

    Compare the normal daily to this daily Log chart:

    [URL=http://img44.imageshack.us/i/logchart.png/][/URL]

    Weekly chart showing a drop out of the channel.

    [URL=http://img5.imageshack.us/i/vbaweekly.png/][/URL]

 
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