Compaq Message Board - Msg: 12376550

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Technology Stocks : Compaq

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To: Night Writer who wrote (74519)	12/23/1999 7:28:00 PM
From: Piotr Koziol	Read Replies (1) of 97611

Hello Everybody, from the Fool Black Magic here's some nice CPQ TA for us to enjoy for dessert after this great market day :^) boards.fool.com ******************************************************************** Hell everyone, since I seen OK1 ask for some T/A on CPQ I thought it would be nice to return to the charts and see what they are whispering of late. Before I do I recommend that you read the following links so that you can follow my T/A since about 11/10/99. As for all the nonbelievers, you know who you are, I would just like to take this time to thank you guys for not believing that good old fashion T/A can help to determine stock moves. The nonbelievers should try it sometime they may find it is just a great tool to add to the many tools we use to buy and sell securities. T/A Analysis part 1: boards.fool.com T/A Analysis part 2: boards.fool.com T/A Analysis part 3: Take very close notice to the fact that CPQ has been trading above its 200 day moving average. What's more important here is the fact that CPQ basically double bottomed in the 24-25$ range. This indicated that a base has formed at the 24-25$ range. Further more I would like all to take notice to the fact that over the last month the stock price has been making higher new lows and higher highs. This is very important with T/A because this is a sign that the stock is in a bullish trend. When you combine the two factors this is a very strong indication that the move is not only solid but sustainable. Next if you look at a 3 month chart you would notice that volume has been increasing over the last month. This is another bullish sign, the reason it is bullish in this case is because the volume is increasing while the stock price is increasing. It could be possible to get a slight pull back but as it stands right now CPQ is definitely still on track to close above 30$'s by the end of DEC or by the first full week of January. The 50Day moving average is pushing up towards the 200 day moving average and is getting ready to cross over the 200Day moving average. Once this occurs this stock should see a steady rise over the next few months so long as EPS and other estimates come in line with the street. The key part will be Q4 in the short term, should they beat the estimates this stock could easily see 35-40$'s a share by the end of February. The problem quarter will be Q1, this quarter has been problems 2 years in a row and you might see many skeptics come out and try and bail out causing downward pressure on the stock but if Q1 comes out positive this stock could be trading back in the 50-60 range by mid summer 2000. I will revisit the charts the first week of January to look at what they are whispering to me at that time. At anytime I reserve the right to change this analysis because of market conditions, trader sentiment, or company announcements. So long as the current condition is held the above and previous data will hold until such time the charts tell me differently. Your friendly Nobody Analyst Black Magic Merry X-Mas ********************************************************************

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