Information Architects (IARC): E-Commerce & EIP Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Information Architects (IARC): E-Commerce & EIP

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Haugland who wrote (2594)	9/25/1997 7:32:00 AM
From: tech	of 10786

Analysis of ALYD as of close 9/24 The upper Bollinger band is a 26 19/32 while the lower band is at 20 11/32 . We Broke through and closed below the lower band. This by itself is a bearish signal that a downtrend is in place. If prices rise and we break back across the lower band at 20 11/32 it could indicate the beginning of a bullish trend reversal. We also broke through support at 19 7/8 and closed near this line. If prices continue to drop, the next support should be felt at about 18 1/2. If we break through this line, then we could go down to about 17 1/4. On a brighter note, the price has reached a 21 day low accompanied by a positive Volume Accumulation Percentage. This is a bullish non-confirmation which often indicates a price reversal to the upside. The accumulation indicates that at these prices demand exists which could cause a price increase. It seems that we may be near the bottom of this downtrend and prices may start to reverse and head higher. If we break back across the lower Bollinger band at 20 11/32, then the next resistance would be felt first at the 9day, 28day and then the 49day moving averages. 9day = 22 3/16 28day = 23 5/8 49day = 24 3/8 If prices move back across the 49day moving avg., then the next resistance would be near the upper Bollinger band at 26 19/32, followed by the 21day high which is at 26 3/4. If you are a diehard long on ALYD, then I would buy at these prices. If you feel that the stock is still headed lower, then I would watch to see if ALYD crosses and/or closes at or near the next resistance level at 18 1/2. If this happens, the stock may nose dive another 1 1/2 to 2 points. If you want to play it strictly on T/A, then wait until the price crosses back across the lower Bollinger band before you buy. Keep an eye on the upward resistance and as ALYD approaches each resistance level, be ready to sell if it looks like it is having trouble breaking through. If ALYD passes back across the 49day MA, then look to take profits as the price approaches the upper Bollinger band or the 21day high.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next