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Technology Stocks : Jacada Ltd (JCDA)
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To: Dale Knipschield who wrote (200)11/28/1999 3:56:00 PM
From: Ginko  Read Replies (2) of 401
 
My two cents using TA.

JCDA has formed a bullish "falling wedge" formation, with volume drying up during last several trading sessions. This should resolve itself to the upside on a high-volume breakout. I took an initial long position at 9.75 and sold into the rally in the low 30's. Have re-entered in the low 20's - which appears to be a logical entry point as it has more than retraced its large run from the low teens to high 30's.
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