Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Lucrative who wrote (692)	8/23/1997 8:52:00 PM
From: TATRADER	of 7396

Lucrative, I don't mean to steal Lizard's thunder, but students have to learn somehow...EAII recently broke its upward trendline at 42.50....I have it pegged in a trading range from 36.62-42.66....If I was considering entry into this stock I would like to catch it around the 50 day at 37.40( a pick up in volume as it reverses itself from support at the 50 day)....You have minor support at 37.00 and major support at 32.50...A few indicators like the Ultimate Oscillator and MACD Histogram are in a bullish divergence with price...So that gives me hope that this stock is not going to take out support at 37.00 and go lower.Plus it is dribbling into the support area on very low volume....Good luck....Mark

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