Thursday, September 14, 2006

Watch List - NVDA, RIMM

Beware the the signals of waning momentum creeping into NVDA's indicators as price challenges resistance.

A late session volume spike moves RIMM's price above resistance.

3 comments:

John said...

How do you use the ADX indicator? When I pull it up on my charts, it is very confusing. I am not sure what I am looking for.

Jamie said...

Hi John,

ADX is one of the more complicated indicators but, once you get the hang of it, it can be a great tool for finding and trading momentum stocks. I wrote a post on ADX on Sunday June 11th. You can access it from the June archive on the right side panel of this blog.

John said...

Thanks Jamie,

I found the post very intersting.