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Old 05-15-2008, 12:41 AM
Naamplao Naamplao is offline
Junior Trader
 
Join Date: Jan 2008
Location: Alberta, Canada
Posts: 136
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I see no negatives in this stock. The mild dips we experience are just that....mild.

Look at this updated SharpChart

DPDW - SharpCharts from StockCharts.com

A very pretty picture. Look at how the share price is hugging the upper bollinger band and speaking of the bb's look at how they are moving at a nice (almost 45 degree angle)positive with almost NO expansion!!! To me this means the big price jump is yet to come...I doubt it will be a price fall since we are so solidily on the upper side of the BB's. All indicators RSI, TRIX and Accum/Dist are looking really good.

We smashed through the 200dayMA and at $1.00 this is our support level and this is confirmed by the P&F chart below. (from the diagonal line on the shoulder on the opposite side of the gap.



Right now we have a resistance at $1.10 and then there are no serious resistance points from then on until we reach $1.40.

Here is the 5 day Yahoo.com line chart



You can see how the $1.00 support line held today( May 14) and we recovered. We may see some sideways movement...we are due for some of that but the overall trend is clear....moving on up!!!
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I am not a broker....just a chartist that retired 4 years ago and invests in the stockmarket. Do your own DD and accept or reject my observations as you wish.

Last edited by Naamplao : 05-15-2008 at 12:43 AM.
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