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Technology Stocks : TLAB info?

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To: Edalv who wrote (6516)2/17/2000 1:57:00 AM
From: P314159d  Read Replies (1) of 7342
 
Another day and another snapshot of what I was saying, it looks worse.

Daily MACD fails at the zero line, the stock rallied above the 200 dma but failed the 50 and fell below 200 again, due to gap side resistance.

RSI and Stoch are heading down and not close to oversold yet. DMI indicates a negative trading range but is close to turning toward a negative trend. Not good at 58, since support is so close. OBV is one more bad day from a new low and the price should follow. Coupled with all the rest and chart target of 41 to the down side if support is broken, the shorts will jump all over this one.

It needs a good day and a hold right here! Edalv (which is Vlade spelled backwards) Last name= "cavid"? <g>
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