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Microcap & Penny Stocks : QuesTec.com (QSTI)
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To: wlcnyc who wrote (2318)9/12/2000 3:56:17 PM
From: Bruce Cullen  Read Replies (1) of 2393
 
Technical comment on QSTI.

Chart shows a good possibility of becoming tighter in the trading. I am expecting less volume and lower asks and a bid to stick near .42 -- .48. Ask should remain at about .52 -- .55 with low volume on the way.

Back to Dec. 98 there is a pattern forming showing a consolidation here and a possible long-term triangle heading towards a point in the next few weeks.

This is factoring in no news events and nothing unexpected in the sector that is a positive... this could change all and possibly cause a decent upward move. We would need a price higher than .80 to really build momentum. (Close price higher than .80)

For now I would think we settle in for a bit, if we close below .41 <-- this would point towards a few underlying problems behind the scenes at Questec, this is not what the chart is saying at this point. We are in consolidation right now, could get boring the next few weeks unless there is good news that is substantial. Good timing for news would be in about 1 1/2 weeks.

With news of possible funding by the close of the fiscal quarter ending Sept 30, this timing and chart could become quite interesting. We would be forming an end to consolidation just about then and a point on the technical chart for http://www.QuesTec.comInc.

Interested in anyone else’s read on this.

Bruce Cullen
sherwoodcoastsgroup.com
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