Mark, does this T/A jibberish mean anything to you?? No offense intended, I guess I'm just confused because its all like the "village witch doctor with his bag of bones" to me.< VBG> What does it mean in English?? Is this true and is it good or bad??
PAGE broke through 10 day avg on 6/17, the 50 day average on 6/22/99 on volume and the 200 day average on 6/25 on volume. Breakout started at 3 1/4, with the climactic top of 6 7/8 on 7/6, closing at 5 7/16. Currently trading at higher than the close of the climactic top, three days later, very bullish, should have retraced to 5 by now. Significant primary support at 4, with secondary supports at 5 7/16 and 5. Resistance at 6, 6 3/16, and 6 3/4, with 6 3/4 being the resistance level of the triple top(see 11/98, 12/98 & 1/99) If 6 3/4 can be broken, no significant resistance until 14. Last three days of onsolidation after the breakout on declining volume and daily range, forming a nice pennant. The 10 day, 50 day and 200 day averages are all now trending up, along with the Bollinger bands, with the stock price above the day averages(very bullish).Since the stock is trading above the climactic day's close and did not immediately retrace to ~50% of breakout high and everything trending up, I expect a breakout to the positive very soon, even without a buyout, with a short-term target of 14.
messages.yahoo.com |
