The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Sunday, October 02, 2005

Example of a Nice Chart (UTS Energy)

This is UTS Energy's 2 month chart (UTS.TO / UEYCF.PK)

I picked UTS.TO's chart because in my opinion, it is a work or art! The stock has been on a slow and steady rise and the 50day MA is just chugging along beneath it, in a very fluid manner! It just looks like an ideal bullish chart!

Of course you know I like the stock as well! To me, UTS.TO is the perfect long-term oil/gas play. I really do believe that in 2yrs or less, UTS.TO will be trading at $20+! The sad thing is, that most people will not even know about it until it has its big run. My opinion is, think of the future a little bit and buy something that is worth holding onto for the long run!

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