Patrick Stock Reading

Tuesday, December 06, 2005

Nera Electronics

Really not too sure in term when it will breakout, but belives it's coming soon.

My view and tools use is rather premitive and not complex, so be it.

Candle wise - nothing significant.
Dual MA - short MA touches Long MA, is this a sign of golden cross forming?
Stochastics - going down and smoothed one is moving side way, interesting to note.
MFI - going up.
RSI - FlatVolume - increasing

So, the next consideration is to look at the market and see what they are doing. Feel it pluse and whether the buying or selling is strong. Got and ideal, trade with the trend and you're likely to be reward.

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