The Faraj List of Exploding Stock Part 4.05


melfaraj - Sat, 22 Oct 05 :

delrod, seo

i commente on seo during the week on request as it rose strongly on hitting support at bottom level. i had suggested that one should wait for the situation to be clarified and an uptrend established. it is always difficult to pick the bottom as many rises can be short lived even when accompanied by strong volume rises.

but i had also suggested that technically there is a reasonably and safe point of entry afforde with a good reward/risk ration afforde if one is to set up a stop loss poit at just below support level.

the situation remains unclear still even though seo has anounced some good news recently. volume has ebbed awayalthough this can be temporary.






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