RESISTANCE LEVELS- Ceilings & breakouts <30 min old Message Board

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Strategies & Market Trends : RESISTANCE LEVELS- Ceilings & breakouts <30 min old

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To: smallstocks who wrote (576)	1/14/1999 3:15:00 AM
From: WHL	Read Replies (1) of 621

ADAM had a spike in November that seems to indicate that resistance is up about $5.50. I'm not sure how to treat that spike in determining the current resistance level (which otherwise appears to be about $4.50). This is a difficult chart to act upon (for resistance thread purposes) because of that spike. I don't think that this stock will be on a clear breakout until it gets above $5.50. Since there is likely to be heavy resistance at $6.50- there may not be much to gain- even at that point... All in all ADAM may be a good pick, but it would be for other reasons IMO...

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