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Technology Stocks : General Magic
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To: dgurgel who wrote (7304)11/15/1999 4:29:00 PM
From: SkyDart  Read Replies (2) of 10081
 
I like to follow the technical indicators and apply Elder's techniques to charts.

Per the TA's, we see some major Bullish Divergences in the GMGC charts. Divergences are seen between MACD, OBV, Pr ROC and price. In my experience, these usually come before a trend reversal and major advance in this case.

IMO downside is quite limited about 1/2 point. Upside is anywhere between 4 and 13 points. Huge upside to downside ratio of greater than 8.

I am expecting the up move next few months.

Good Luck,

dart
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