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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: shasta23 who wrote (2608)7/16/1997 9:59:00 PM
From: Chris   of 42787
 
PACC analysis:

geocities.com
(last friday's data)

Wow.. quick turnaround recently (especially with the good earnings report).

Here's my take: (please look at chart #1)

1) Today's PACC close was right on that top first blue upsloping trendline (TA at work again).

There are some concerns:

1) Money flow has just started falling (too early to tell the exact trend)
2) Price Volume trend (PVT) has peaked signficantly.
3) MACD has started peaking (too early to tell the exact trend)

Possible scenarios:

1) PACC will hold above the first trendline. It will start to consolidate to take a "breather". It needs one, considering the great performance so far.

2) PACC will continue to be under selling pressure. Then next support will be at the 2nd trendline and start consolidating from there. I do hope it won't go further below that.

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If someone could take a look at the candlesticks for today's data. I would appreciate it..

Just my opinions.

Chris
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