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Technology Stocks : Compaq
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To: Captain Jack who wrote (64913)7/11/1999 12:51:00 AM
From: Christopher  Read Replies (6) of 97611
 
TA time for CPQ.

I have been asked for a TA analysis in a private message. The outlook for CPQ is good now. It had some major support around 20 and turned up. It has broken a long term trendline to the upside, a very positive sign. It has some resistance between 27 and 29.50. However, I think that it will overcome that resistance. Three days ago CPQ closed above its first resistance at 24.31 on heavy volume, a very positive sign. In short, TA look very positive for CPQ at this time.

Good trading,

Christopher
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