Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: rob gamache who wrote (102)	6/15/1997 2:11:00 PM
From: HeyRainier	of 257

Hi Rob, welcome to the thread. While I didn't look at PRST's fundamentals, it does seem like a very tradable stock. Based on some Monday morning quarterbacking,one could have made an entry at around the 57 area in September of '96 as it broke out of a wedge, and exited at 75 as it ran into some resistance, and once again made an entry at about 47 as it retested its historic support levels, and again exited in the low 70's at resistance. Looking ahead though, it seems ready to come back down to about 75 or slightly below, where it might be feasible to make an exit at these support levels. Regards, Rainier

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