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Technology Stocks : COM21 (CMTO)

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To: pat mudge who wrote (1714)2/10/2000 7:59:00 AM
From: Redfisherman  Read Replies (2) of 2347
 
I'm not sure I qualify as a TA expert yet either. But, I have read the Edwards and Magee tome cover to cover three times, everything William O'Neil has published and I am an avid reader of Gary Smith's daily column. Based on everything I have read, this is a classic break-out from a 1 year cup/handle base and it is bullish indeed. Unless the overall market tanks and pulls CMTO back, the odds of a further advance up appear much better than a reversal and downward movement. This leg up could easily carry CMTO to the mid 50s or so followed by a period of consolidation.
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