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Technology Stocks : COM21 (CMTO)
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To: pat mudge who wrote (909)8/25/1999 7:18:00 PM
From: Srinivasan Balasubramanian  Read Replies (1) of 2347
 
A follow up on TA

As I said before, CMTO is very close to a completing a major reversal pattern - the inverse head & shoulders and it retested the neckline around 20 - 20 1/2 today. the volume has been steadily increasing and the shake out in the dying moments today suggest continued accumulation. the way the stock has been acting last couple of days, make me very optimistic on DOCSIS approval. the depth of the pattern is around 7-8 pts, so the minimum price target is around 27-29.
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