Few Good Books


Stock Market Jokes
Want to have some light moments, Visit my other blog
stockmarketjokes.blogspot.com

Charts - Courtesy Marketwatch.com

Thursday, March 15, 2007

Daystar Technologies (DSTI): Money flowing IN


The above chart is a 10 month chart of DSTI. The stock has nearly doubled in 2007 but then if you see where it has come from, its not a pretty sight. Lets analyze how it may perform in the coming months. Does it have the fire to break above the downtrend line and resistance at $5.50?

Looking at the OBV, I would bet this stock will go higher. With the stock testing the resistance and the downtrend line, it may not go higher now, but after few weeks of consolidation. I would be a buyer of this stock when it comes closer to the uptrend line (blue line).

Watch out for DSTI.

Labels: ,

0 Comments:

Post a Comment

<< Home

 

Disclaimer:The investments discussed in this blog is my personal opinion. Investors must make their own investment decisions based on their specific investment objectives and financial position. Investing idea takes no responsibility for the accuracy of the information provided.