MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

-0.1%

Aug 15 5:00 PM EST

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To: GS_Wall Street who wrote (12999)	4/27/1999 2:56:00 PM
From: Crossy	Read Replies (1) of 42804

Greg, absolutely. IF you do a TA on MRVC you will notice the strong resistance at $10 and the congestion zone $8-10 we are right on. Then there's a room to $15 from the last gap down (from MRVC's dop) that could be cleared in a short window of time. Next real resistance maybe at $18-20.. There's another model I like to play to provide me entry points in beaten down stocks which was coined by the famous Mr. Tom de Mark. His "Sequential (tm)" study. It pointed towards a strong entry point in MRVC during first week of April near $6,50. Well I joined the train a tad too late (at $7,50) but I'm not disappointed either.. regards CROSSY

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