Posted by: fortunefaded June 2, 2009
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Riten,
200 day Moving Average is the mean closing price of the 200 most recent days for the stock. It's used a fair bit in chart analysis.
Read more about it here:
http://www.tradingmarkets.com/.site/stocks/commentary/editorial/200-day-moving-average.cfm
Emini,
Regarding FEED, I think there is very small chance it will actually hit 12 in a few weeks. I think there would be major resistance at 8.00. I put down the weekly chart and it shows that 100 MA combined with the pivot low from Feb last year should provide major major resistance at 8.
I will watch the fall back from 8 very carefully and might buy it if I think it is oversold.
If 8 doesn't provide resistance, and the stock closes on the weekly above 8, then I am in FEED.
Also, note on the weekly we haven't seen a recent red candle in 8 weeks. FEED is overbought in my opinion.
Peace,
FF
200 day Moving Average is the mean closing price of the 200 most recent days for the stock. It's used a fair bit in chart analysis.
Read more about it here:
http://www.tradingmarkets.com/.site/stocks/commentary/editorial/200-day-moving-average.cfm
Emini,
Regarding FEED, I think there is very small chance it will actually hit 12 in a few weeks. I think there would be major resistance at 8.00. I put down the weekly chart and it shows that 100 MA combined with the pivot low from Feb last year should provide major major resistance at 8.
I will watch the fall back from 8 very carefully and might buy it if I think it is oversold.
If 8 doesn't provide resistance, and the stock closes on the weekly above 8, then I am in FEED.
Also, note on the weekly we haven't seen a recent red candle in 8 weeks. FEED is overbought in my opinion.
Peace,
FF