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Strategies & Market Trends : Ask DrBob

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To: stats77 who wrote (2072)8/28/2000 10:29:42 PM
From: FLACK  Read Replies (2) of 100058
 
stats77 "Anyone like to share any TA or FA comments on RAZF? I would appreciate hearing from you. Thanks Stats77"

Pretty ugly chart. Hope you haven't been holding it
since the 50s.
It hasn't participated in the nas rebound since August 3rd
and is now below what seemed to be support around 14 3/4.
The most recent moving average sell signal was on 8/8
when the 10 & 20 ema crossed below the 50 MA. Prior to
that there was a sell signal on 8/1 when the 10 ema
crossed below the 20 ema and the price closed below
the 50 MA.
With Friday's long range candle it may have formed a bottom
but today's action looked weak again and formed a small dark-cloud cover candle as it closed below Friday's close.... not a good sign.
Are you thinking of buying? Selling? Holding?
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