Tuesday, June 17, 2008

ABAT


This is an eight month breakout on the weekly chart, on four times normal volume, in the alternative energy sector. Look how the MACD is crossing over and turning up from oversold.


Below, the fundamentals showing strong growth in revenues and earnings.

Technicals and Fundamentals = Confirmatory Analysis

A

5 comments:

Anonymous said...

Allan,I would love to buy ABAT,but I am being defensive with this weak market.Any thoughts?
Thanks,Ron

Anonymous said...

Great heads up here Allan...picked up June 5 calls....a triple in 2 days!!Thank you!!! Gary

aaallantrader said...

Ron, believe in the charts and don't listen to all those talking heads.

Gary, nice move, adding leverage.

A

Anonymous said...

Allan,I do believe in the charts.But the charts of the indexes in all time frames are trending down.
Ron

aaallantrader said...

Ron, energy sector stocks are dancing to their own beat these days and ABAT has a very bullish pattern.

A