Friday, April 6, 2007

NO NEED TO CHANGE THAT CHANNEL

One type of stock that seems to be predictable are stocks that move in a certain "channel". These are stocks that always find support and resistance at a small deviation creating a visible and predictable channel. Some examples of such are:

SUNH - support at $10 and $12, resistance at $13
LCRD - support at $10 and $11, resistance at $13
EZPW - support at $14.50, resistance at $15.50

As for the MGR Coefficient scores (in which a score of 1.00 is the perfect score and 5.00 is the worst score) of these stocks:

SUNH - 3.20
LCRD - 3.24
EZPW - 2.28

As for these three stocks, EZPW is the only one which is in a good buying range right now.

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