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: Donald Kirchner who wrote (115)	6/17/1997 12:21:00 AM
From: HeyRainier	of 257

Hi Don, the ATMI chart shows a great breakout from a few weeks back as it closed strongly above its trading range. Right now it seems to be forming a wedge. If it breaks on the downside, it'll have support at 22, where I would be waiting for it if it came. Or if it has an upside breakout, then this can go as high up as its fundamental strength would justify, which right now I cannot identify because I don't have my research tools with me right now. Looking at its balance sheets, they look as strong as the chart: 15% debt/equity, 4.1 current ratio, $2.44 cash/share. ROE at 11% though. I wish I could give you a better answer than this, but for now I hope this helps. Regards, Rainier

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