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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (66288)10/14/1999 1:51:00 PM
From: Jenna  Read Replies (2) of 120523
 
SNDK continued: on the intraday chart 10 minute you have a pending breakout of the ascending triangle, so if you are interested in a slightly stronger short term buy trigger wait for a breakout (above 49 3/4 to 50, although its already in 'short term buy' territory (above 20 period moving average) and RSI is fine. The directional indicators show a 'lazy adx' that doesn't want to wake up, but otherwise the +DI crossed over the -DI at 12:00, also triggering a short term buy signal at that time.
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