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Microcap & Penny Stocks : ONPT - A 52wk high price and volume

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To: Doug R who wrote (184)4/30/1997 11:45:00 AM
From: James Fulop   of 375
 
It looks as though we have gone through the two support lines you
mentioned. Just wondering if you think this bounce off of 1.875 is a
"false bear signal" with heavy volume after a symmetrical triangle.
Found this may fit what John Murphy mentions in one of his TA books.
Or am I just grasping for straws here (with volume not heavy enough?)
Any thoughts? Thanks in advance.
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