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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (435)11/8/2002 10:06:40 PM
From: Jibacoa  Read Replies (1) of 1404
 
INAP The volume today was above 25.379M and that was higher than the 16.7M yesterday and the 15.2M of August 29

There was a good amount of profit taking today after the stock 186.9% gain from the close on Tuesday at 0.23 to today's intraday H of 0.66 The money flow today was neutral. The momentum remained positive at 0.17 (up from 0.14 yesterday)The RSI was down to 72 from yesterday's 84, but that was still well above the 58 on Tuesday.<g>

The support seems now to be from 0.38 to Tuesday's H at 0.31 and the resistance at the 0.51 to 0.54 level.

The P,S,M,L data on the daily chart:0.43, 0.36, 0.28 & 0.24 (THe stock remains on an Uptrend, but short term, it seems overbought as the L average is only 0.55 of today's closing price.)

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On its weekly chart the stock still seems to have a good amount of room to run.<g>

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Bernard
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