Igo4IT,Recently started studying a bit of TA and going through...

Igo4IT,

Recently started studying a bit of TA and going through Stan Weinstein's method at the moment...

This is a classic case of Stage 2 formation if you go by Stan's method. The people who are selling now are most probably going to regret it soon. There is a bit of steam left in this one to start selling now. And that is just from the TA front. One good announcement from the company (in plain old English and not hidden in some 78th page of a 80 page doco), the sp will go much much higher...

The old resistance are more than 15 month old and hence much less effective...SP is riding above the MA and RSI has risen beautifully...all in all I can safely conclude that this has all pluses going for it...

TA fascinates me & this is my first post on any stock based on TA...so please let me know if I am on the right track so that I can know if I am learning my stuff in the correct manner....a looooooong way to go for now...