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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: DD™ who wrote (1969)9/16/1997 2:04:00 AM
From: Johnny Canuck   of 3431
 
Double D,

I would be careful just relying on the stochastic alone. The
stochastic gave a buy signal 4 days ago but it was not in the
oversold region. It was not confirmed by RSI which is still
declining and just starting to enter the oversold region.
The price is below the lower bollinger band and the lower band
is still declining.

A short term trader would wait for the band to flatten out
and even be rising before entering. The price needs to be above
the low bollinger band in order to indicate some support.

You should really look at OBV to confirm your read too.

Regards

Harry
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