OPTS--Opta Food Ingredients Message Board

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Biotech / Medical : OPTS--Opta Food Ingredients

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To: Doug R who wrote (28)	6/3/1997 12:04:00 AM
From: Instock	of 85

Doug: Here is my take on the chart for OPTS. Correct me were you see error. A " Dark Cloud Cover" candlestick ( gee , what a shame! ) I don't know a lot about "Dark Cloud Covers" but it does indicate a reversal. How strong,I am not sure, but a reversal to bearishness none the less. Not a good sign for those who bought HIGH I see a bit of support at 7.15 which the stocks Bid price did break There is a GAP between $6.62 and $6.75. Dont know if that is enough of a GAP to mean it needs to be filled or not, but its better then no GAP at all. Stoch %k just cut down though a very slight dropping %D. A bump up in price could be bullish, a slight drop further could be a REAL bear! RSI down from 100 to current 80. Showing a strong overbought condition! MACC loooks a bit bullish still and Momentom is down a touch Stock price is well above the upper Bol. Bands and taken in combanation with the HIGH RSI, indicates a down trend. DMI +D1 is above -D1 inacating bullishness, but the +d1 is falling fast ( thats good if you are shorting a stock ) All in all, we have 4 or 5 indicater that are showing bearishness, 1 1/2 indicaters showing a slight bullishnes. The one I like best is the Bol. Bands and the RSI showing very strong overbought condition. Barring any kind of good press coming out, we should have a fairly strong down day. Ok, thats my amature chart reading for the day. Do you have a candle program that shoows candles for BNND and BDLS ( srvc) Thanks and later... Mine does SRVC but does not show the new symbol.

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