Chart Request: Ask Jeeves (ASKJ)
Man, you guys are trying to make me work with all these tough charts you’re asking me to analyze. Joey had this to say about ASKJ:
Could you do a chart for ASKJ. I looked at the chart and saw a double bottom on the weekly chart.
I also looked at a weekly MACD chart and saw that the fast line was about to cross the slow line and it was below zero and this is another buy signal. ASKJ had good volume action on Friday as well.
This is another one of those charts that I would just skip over. That’s almost an automatic decision for me when a stock is between its 50 and 200-day moving averages. I like to call that area “no-man’s land”. Just based on the stock’s relationship to those moving averages I’m a long term bear and short term bull on ASKJ. The key is finding a good risk/reward entry for whatever position one decides to take. I don’t see any low risk entries right now — long or short. Earnings are supposed to be released on Feb. 3rd, so maybe that will make the chart more clear.



















