Point and Figure Charting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Perfect Hedge who wrote (7548)	9/22/1998 3:29:00 PM
From: Bwe	of 34816

ABTX is below it's BRL from the June, $28 high, and the stock has a down trending RS chart. The main trend of ABTX is bearish. The stock gave a low pole buy signal in September at $11 and the stock has subsequently gone on to give one p&f buy signal moving to as high as $13. The stock needs to break the BRL which is at $14 with a buy signal to begin to turn around the main trend of the stock. ABTX has support at $11 1/2 and $9. If today's action holds, the stock will reverse up on it's chart, however, it needs to move to $13 1/2 to give a triple top buy signal. Not much room to move with the BRL looming at $14 1/2 and a Bullish resistance Line at $15. Good luck. Bruce

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next