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 (41)	6/3/1997 11:00:00 PM
From: Instock	of 85

Doug: We are NOT alone! Cyber aliens are among'st us. Ok,another amature attempt at chart reading. AND awayy we goooo.... Volume is down to just above normal daily volume Stochastics: %K has crossed down though a slightly dropping %D with a larger gap then yesterday. More Bearish then Monday RSI: Down to 60 Still indicates an overbought condition, though not as overbought as Mondays close. Momentum: Down a bit from yesterday. Bearishness lossing steam?? If so, not much lost steam since monday.Still very high. MACC: Still rising but slowing considerbly. If it should drop it will signal a strong SELL . DMI: +D1 is still dropping and -D1 is just up a bit. If this too should cont. , it would indicate a sell signal. 5 MA $7.05 29 MA $5.70 100 MA $5.85 Bol. Bands: Price still just above the upper Bol. Band indicates the downward trend will cont. Candlestick: Looks bearish but I don't know what the name of the shape is or what it indicates. If we have another down day Wednsday, the Macc and DMI will be showing a fairly strong sell signal and the Stochastics will be VERY strong sell. RSI will still be overbought but not as much as today or yesterday. A good piece of Press could turn the stock up a bit, a bad peice of Press could tank the stock. I look for the stock to open lower or the same as Tuesdays close. First time to open down or even in 6 trading days. I think it will test $7.00 and maybe break it a bit. I look for the tank on Thursday Any pointers? suggestions? Input? etc.. Later

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