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Non-Tech : The Critical Investing Workshop

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To: Sully- who wrote (25046)7/11/2000 10:15:41 PM
From: Jim Willie CB  Read Replies (3) of 35685
 
some tidbit TA morsels on RFMicro

this wireless component maker got its nuts kicked in
back down to the April lows
dunno any news, will totally ignore that fundy sideshow

sitting 15 pts below the moving averages now
two weeks ago at 100, it broke down from a defined upchannel

money flow looks like a hemorrhage from a hemorrhoid

BUT.... daily stochastics are signaling a bullish divergence
it got off its back last week, didnt wanna be down
today it got off its back again
I believe it is trying to rise onto its feet and walk to its mommy MA's

a simple jump to its 30day MA would be to 97, which is 20%
maybe it can run to 100

it does look sick except for the bullish divergence on stochastix
on the other hand, wireless blows right now these days
the market cannot seem to comprehend and recite the wireless alphabet of w.C.D.M.A. or anything else of substance

I say it runs to the MA's and hits a wall
we will see
/ Jim
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