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Technology Stocks : Purchasepro.com Inc. (PPRO)

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To: Susan Saline who wrote (160)10/6/1999 2:16:00 PM
From: HeyRainier  Read Replies (2) of 748
 
Susan,

The close-only chart shows an Ascending Triangle on PPRO: a relatively flat top with an ascending base. The breakout point looks like a close above 39 3/8. The chart also appears to be timing a (potential) positive breakout that corresponds with the end of the quiet period.

Ascending Triangle:

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On an O-H-L-C basis, the price remains trapped within a Wedge (a descending ceiling combined with a rising base).

Wedge:

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Rainier
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