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Technology Stocks : Concentric Network Corporation (CNCX)

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To: lazarre who wrote (248)8/16/1999 5:04:00 PM
From: Venditâ„¢  Read Replies (2) of 377
 
lazare

IMO Friday as well as today's volume was technical in nature. Technical bottom fishers like me see an opportunity on a badly beaten down stock to take the ride back up.

According to this chart the ride is not over yet by a long shot.

askresearch.com

The stock as expected encountered lite resistance at just over $26 and should blow through that level tomorrow. It won't see resistance above that until about $32.

The open candle made today as well as the MACD momentum and stochastics buy signals made Friday are following through nicely into tomorrow. Their angles look very bullish and with the good CPI in the morning expected this should be icing on the cake.

Good luck to all,

All IMO
Vendit
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