Today we'll analyze Countrywide Financial Corporation (CFC) for online market trading,
1- the stock has been trading in a clear envelope since SEP 2008.
2- Bollinger bands are closing, volatility is lowering, as the stock price is "stuck".
3- double bottom at 4.78$.
4- since 1.feb.2008 we see the initiation of a support line (still not formed well).
5- the stock is very close to MA45 breakout.
we recommend a hold on this stock, a long will be initiated at the break of 7.4$ with target of 18.16$ (midrange).
Friday, February 15, 2008
Countrywide Financial Corporation (CFC) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
to get back to main page click here .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment