Chart Watch 2007-02-08

Thursday, February 8, 2007

Everest Babcock and Brown Alternative (EBI)



Good spread between the long and short term group. Count back line has not been broken since uptrend started. Volume may be a bit low, and we have a tight stop loss defined. We'll add this as a trend opportunity, but we could have decided to watch the trading action over the next couple of days and I think we have a tight enough stop.
Last Close $4.75, Stop Loss $4.68.

Regional Express Holdings (REX)



Looks like a potential swing trade based on the Traders Action Zone.

Jubilee Mines (JBM)



Looks like a potential swing trade based on the Traders Action Zone. JBM has higher volume compared to other swing trades I have posted. I'm still in the process of testing this strategy for the ASX.

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