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Strategies & Market Trends : TAOTN- TA on the Net

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To: gonzongo who wrote ()	8/25/1999 10:33:00 AM
From: Pied Piper	Read Replies (2) of 1628

Cup-with-a-handle? I have asked this question on the Forbes Medi-Tech (T.FMI) board but got no response. No technical analysts there it would seem. Unfortunately, since this stock is on the Toronto Stock Exchange, you won't find a chart on SI. Yahoo only gives a chart for the last few months (FMI previously traded in Vancouver). The best place (I have found) for a chart is Canada Stockwatch (http://www.canada-stockwatch.com/). I am by no means an expert in TA but it looks to me that we are close to the end of a cup-with-a-handle structure. The cup starts at our all time high of $23.65 on March 17 (St. Paddy's Day!) and ends on July 22 at $22.50. The handle is getting close to being completed, particularly the action in the last few days which sees us, as of now, back at $21.80. If this analysis is correct then it will not take much of a breakout to get us above the all time high and into virgin territory. I would appreciate any and all comments from TA experts. Piper

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