Sunday, February 14, 2010

ADXS buy signal

I was looking through charts and decided to pull up an ADXS weekly...

I say the chart speaks for itself. Some fundamental analysis will be needed, but the chart definitely has my attention now.

I threw some fibs on it to get a few targets. What I've noticed is that if a price bounces off the 61.8 first, a retest and a breakout will move past the 50% and head to 38.2%...
So as of tonight, I am putting a .33c target on ADXS *IF* it can break the high of .21, which would reflect a 95% gain.






No comments:

Post a Comment