weekend charting 29-01-10, page-74

ADN is looking pretty good mower, it has had a decent fall from grace recently though.... any news due?

ALY for John435 (PNX too hard to chart reliably because volume is so low it makes big ranges) ALY is also pretty low volume stock so a lot of the rises and falls are amplified. While Weinstein theory usually uses a longer term than this for his stages, the theory is still the same, so I have marked this on the first chart for a bit of a lesson. The pink arrow is the wedge I'd be looking for it to break.

Then the secnd chart I've used Fibs to show how incredible some stocks can be at bouncing supp and res off the fibs.

Cool chart and will be a cracker of a trade on the break of the wedge, with a stop maybe on or just below the 61.8 fib. We need a few more like these John. Can you give us any FA on it? At a guess I'd say some news due in a week or two?