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Technology Stocks : Cognitronics (AMEX: CGN)

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To: Uncompaghre who wrote (54)8/22/1997 11:26:00 PM
From: Carl Yee   of 142
 
You are right about the engulfing bullish pattern on the candlesticks. Also, I noted that it looks like the stochastic pattern looks ready to cross back to bullish and at a 20 is really oversold. RS has tilted back upwards. Momentum seems still neutral.

We are still hard on the lower Bollinger Band and CGN hasn't been down here since June. Just on rubber band principles alone, you'd think (hope) this thing will bounce up strongly.

Carl
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