INPR - Inprise to Borland (BORL) Message Board

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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: TTOSBT who wrote (3207)	7/17/1999 9:04:00 AM
From: chartseer	Read Replies (1) of 5102

Just let me add a few words to previous thoughts. In my humble opinion Point and figure chart of INPR is very bullish. But it is not fool proof. I see a buy signal below the Bearish Resistance Line. But I also see a very strong Bullish Support line that has formed from the bottom. This gives a classic triangle pattern that I believe will break out to the up side. This break out can occur by just moving side ways without violating the newly formed Bullish support line. The Bearish Resistance line goes all the way back years to when INPR traded in the 20s. The odds are that INPR will bounce off both these lines until one gives way. Time and ease are on the side of Bullish Support line in my opinion. But it is just opinion as yet. Yet if this newly formed Bullish support line gives way there is always the factor that we are nearing the side ways penetration of the Bearish Resistance line unless we go to ZERO. Hope this was clear to you and all. Mean while my money, in Leaps out to 2001, is on the Bullish Support Line. then again what the heck do I know? chartseer

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