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Technology Stocks : Osicom(FIBR)

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To: sandytoes who wrote (5569)2/27/1998 8:42:00 AM
From: bill banks   of 10479
 
sandy--i agree with jim's opinion of fibr from the TA side. using both a bar chart converted to 14-day rsi and macd methodology as well only respecting the 50-100---200 day moving averages, fibr is looking pretty darn good here. my most reliable methodology is point and figure work and this suggests a potentially more explosive move to the upside. a 6 1/2 print would be a bearish signal reversal which mathematically is profitable 92.0% of the time with an average gain of 23.2% in 2 1/2 months. this would also be a double top buy signal which is profitable 80.3% of the time leading to an average gain of 38.7$ in the ensuing 11.5% months. do not overlook the volume surge which certainly was not led by retail buyers or public relations push as fibr has been fairly quiet and will not let it's p.r. firm promote the stock which is a much different tact t han what we saw two years ago. hope this is helpful.
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