Here's the chart of Covad for Matt who wrote:
I was watching DVW and it looks like I'm seeing a handle form on a cup that started forming on the 14th of Nov. Also, looking at a five year chart it looks like this one could take off soon. Seems way undervalued with a few things in the hopper that could soon trigger a rally.Thoughts?
This isn't my kind of setup. That doesn't mean that it won't or can't "take off", it's just that I see nothing in the chart that makes me bullish. I do see that it's near support on the longer term chart but I have to respect the more recent trend which is down. I think there's easier money to be made in other, uptrending, stocks.
You mean Covad is still in business, much less trading stock?!?! :-O
My thoughts exactly when i discovered that DVW was Covad :-)
Covad's got POTENTIAL written all over it