SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Three Amigos Stock Thread

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sergio H who wrote (13064)1/25/1999 4:25:00 PM
From: James Strauss   of 29382
 
LORX...

Thanks Sergio...

A look at the weekly chart of LORX showed support in the area where there was a conjunction of the 50 day and 89 day MA's... Even without the MA's, a visual look at the weekly chart showed a lot of lateral congestion in that 3.75 to 4.00 area... When you look at a lot of charts these things become easier to see...
iqc.com

After a quick run up it's not unusual for a stock to correct to the nearest level of support... That's what happened here...

Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext