Ask DrBob Message Board - Msg: 14305218

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	8/30/2000 11:08:23 PM
From: morokko65	Read Replies (1) of 100058

DrBob512: can you check TA for IFMX & BTGC? IFMX has been a trader's dream over the last 3 years, hitting very predictable resistance points. Tested $6 in may, topped at $9+-, gapped down on bad Q numbers, Failed to break $6 on the way up after a new CEO took over, retested a major several year low ($4) and appears to be ready to fill the gap at $7.43 and possibly retest $9. IFMX has been rumored as a takeover candidate for years, Can TA provide insight as to whether this is purely a technical move back to the upper end of its recent range or accumulation prior to a takeover? BTGC has a similar story, but the chart is choppier.

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