DYN - Dynegy, Inc. - NYSE

[Dunadoni]

I think I already made the topic some days ago, but did you delete it Doc? If it's not allowed please delete it again.

Possible pincher play (PPP)

Daily chart: http://stockcharts.com/h-sc/ui?s=DYN&p=D&b=5&g=0&id=p45631713119

Weekly chart: http://stockcharts.com/h-sc/ui?s=DYN&p=W&b=5&g=0&id=p59749530729

Latest news: http://finance.yahoo.com/q/h?s=DYN+Headlines

[Vegas]

May be a while before this one pinches but it is forming a pinch...

[Vegas]

Inching up toward the RSI 30...

[Dunadoni]

Inching up toward the RSI 30...

Also noted that

[Dunadoni]

Inching up toward the RSI 30...

Also noted that

Almost.....

[Dunadoni]

I think it need to break 1,47 (parsar) to cross the RSI 30

[Vegas]

I think it need to break 1,47 (parsar) to cross the RSI 30

Bam... Just broke the par sar and pinched...

http://stockcharts.com/h-sc/ui?s=DYN&p=D&b=5&g=0&id=p45631713119

[Dunadoni]

Vegas, could you please tell me, because I am trying to learn, the stock pinched but the gain is not much at this moment.
Is this normal? Will it go higher next week?

[Vegas]

Vegas, could you please tell me, because I am trying to learn, the stock pinched but the gain is not much at this moment.
Is this normal? Will it go higher next week?

A stock pinching is not a guarantee of a run, just another indicator to use.... Generally, the higher the price of the stock, the lower the pinch gain... Most of the highest gain stocks from a pinch are the pennies... Sometimes a stock will pinch and fizzle out going no where... The lack of momentum in this stock is what kept me from buying in...

[lontra80]

RSI still below 30, doesn't it have to cross it to pinch? Also, can you confirm resistances (1.59, 1.77)? Anf lastly, doesn't it look like double top @ MA50 (2.19)-2.35,2.53? Sorry to overwhelm you like that, it's that chart is very good example and ready to read, I'm just trying to make sure I can hang with big pups like you and Doc in reading charts...

[Dunadoni]

RSI still below 30, doesn't it have to cross it to pinch? Also, can you confirm resistances (1.59, 1.77)? Anf lastly, doesn't it look like double top @ MA50 (2.19)-2.35,2.53? Sorry to overwhelm you like that, it's that chart is very good example and ready to read, I'm just trying to make sure I can hang with big pups like you and Doc in reading charts...

Ah well it did cross the rsi30 when the price was 1,47/1,48.

[Vegas]

RSI still below 30, doesn't it have to cross it to pinch? Also, can you confirm resistances (1.59, 1.77)? Anf lastly, doesn't it look like double top @ MA50 (2.19)-2.35,2.53? Sorry to overwhelm you like that, it's that chart is very good example and ready to read, I'm just trying to make sure I can hang with big pups like you and Doc in reading charts...

It did cross when I posted earlier... It has now pulled back...

[Vegas]

A volatile day for this one... Thirty minutes before the market close, it once again has crossed the RSI(14) at 32.51... Almost tempted to grab a chunk of this as the volume is good but my gut is telling me wait until Monday...

[Dunadoni]

I grabbed some at 1,45. Volume is really good and indeed it crossed the RSI(14) again. Hopefully we get a bigger spike on monday, time will tell. Have a nice weekend!

[Vegas]

This is testing the pinch again today as it crosses above the RSI(14) 30...

http://stockcharts.com/h-sc/ui?s=DYN&p=D&b=5&g=0&id=p45631713119