CYRIX TA analysis
geocities.com
Sean Sander's pt. of view:
techstocks.com
My take:
Let's start by looking solely at the first top chart. First thing we should notice is the blue uptrending trendline. It is pretty strong. We should also notice 2 downward trendlines (red). We see a "minor" red trendline, which I labeled as "#1". Not particulary strong. I've also labeled the other trendline as "#2". If you could zoom out the chart, that same #2 trendline has been present stretching back 2 yrs ago! Thus, it has been tested many times and thus, very strong....
Looking a far from a bigger picture, we see CYRIX in a downtrend, starting from the peak during the mid 1995. Of course, there were many futile rallies to break this #2 trendline...
Still looking at the top chart, I'm guessing a CYRIX will break through this #1 "minor & weak" trendline. However, the main question is whether CYRIX can break this very strong #2 trendline??
Now, let's go to our bottom chart to see what our indicators are telling us:
Price Volume Trend (PVT) is doing okay.. nothing spectacular.
Stochrsi Window: The short term (8,5) (yellow) and (14) (red) are all heading down, but will curve up shortly.
DI+ DI - are both neutral.
I do like the money flow index climbing. It's a good "precursor" indicator (or leading indicator).
TRIX (14) starting to move to positive (note the bearish/bullish ribbon), but still netral.
I also checked the MACDs (not charted), both neutral.
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Conclusions:
One should take a "wait n' see" attitude. For a short-term trader, one can buy for the breakthrough at trendline #1. And exit when it bounces off #2 trendline (from the bottom). For the longer-term trader or an "buy n' hold" investor -- no buy unless #2 trendline is broken. If #2 trendline is not broken, then CYRIX is still in a downtrend.
Time frame:
Breakthrough #1 trendline maybe next week or two?
Breakthrough #2 trendline maybe next month. I don't see a 1-2 punch. It needs to take a breather to "regain it's strength" to break this #2 trendline (which will take additional time).
Again, all my opinions. Best of luck..
Chris |
