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Technology Stocks : TLAB info?
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To: CHIP HUNTER who wrote (1431)10/15/1997 3:06:00 PM
From: jhild   of 7342
 
I am a bit curious about your t/a approach. Which indicators are you using? My analysis doesn't show 30 as a likelihood, as there would appear to be some fairly substantial supports in between.

TLAB has bounced off it's 200 dma, MACD, RSI, CCI look positively disposed, only the stochastic has rolled over, and I don't believe in this as a strong indicator for a trending stock. Personally, I think it is wise to have a stop at 60, as you have indicated, as it looks more likely to pierce 60 than 50 at this point.

If there are some other indicators that we should be looking at I would like to take a look as well.

Thanks in advance.
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