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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (2254)6/25/2001 11:00:10 PM
From: Boplicity  Read Replies (1) of 13815
 
The anatomy of break-out. SLVN---> stockcharts.com[w,a]dbolnimy[dc][pb25!b50!b100!b200!a20!a22.56!f][vc60][iUc20!Ua12,26,9!Lb14!Lf!Lg!Lj[$spx]!Lp5,3,3]

First look at the stock on the 6 month setting. Notice the tight consolidation at the 20 area of resistance, and the higher lows at 15 and 16 area where the stock bounced off the 200 MA. Also, take a look at the stoch at the bottom, making higher lows and the increases in volume as the stock finally breaks out from the upper resistance at 22.56. Now put the chart on the 3 year setting. That's a cup and handle formation, although the bottom was sloppy, I'll take it. Next area resistance is in the 28 area which is so long ago, I wonder if any of the holders that are still hanging on from then are weak holders.

Greg
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