BETTER ON-LINE SOLUTIONS--BOSCF Message Board

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Technology Stocks : BETTER ON-LINE SOLUTIONS--BOSCF

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To: Instock who wrote (210)	10/6/1997 1:51:00 PM
From: Doug R	of 898

In, I just thought I'd bring the BOSCF TA over here. BOSCF; The Chart. BOSCF's chart is in the first stages of an uptrend from a very nice double bottom. The uptrend has already broken through the last remaining downtrend line of resistance as the volume has been increasing significantly. Horizontal lines of resistance are quite sporadic which indicates that they are relatively weak. A breakout from an initial base on base formation started on Oct. 1 and is still currently in progress with very heavy volume. The daily bars show that the stock typically closes on either the high or the low of the day and indicates a normally wide spread. As the breakout progresses the spread should narrow significantly. There may be some stubborn short interest in BOSCF as indicated by recent trading. As the chart indicates, any shorts are fighting an uphill battle. Any covering will add significant fuel to the price momentum. BOSCF; The Technicals The intermediate terms for the stochastics momentum indicator broke out into alltime high territory on 9/18. The uptrend is well supported by strength in the short-term SMI periods. The short-term periods of the SMI have a solid uptrend. An inverted head and shoulders pattern with a downtrending neckline in the very short-term SMI should be easily broken out of to the upside. This will be a signal for continued advance in the stock price. The 89 day moving linear regression line of the closes is set to cross up over the 89 day moving average of the highs. The 55 and 21 day periods of this indicator have both crossed over and the MLR is extending the advance over the MA for these periods indicating strength in the stocks uptrend. Since the stock has traded publicly for less than 2 years, the 89 day MA/MLR crossover in the coming week will further strengthen this indication. The 55 day commodity channel index has made a new alltime high in the last several trading days above +100. This is a bullish indication. The shorter period CCI's are bullish as well with the 5 day CCI settled just under the +100 level and popping over it on a consistent basis as the stock moves up to each new level. The MACD has broken above the bullish level for the 2nd time and has reached an all-time high. The series of moving averages is starting to cross over the 200 day MA. All periods under 21 have crossed up with the 21 day set to cross up today or tomorrow. The 50 day MA still has a bit of work to do but is closing rapidly on the 200 day MA. The MoneyFlow indicator has a solid uptrend going back to the beginning of April '97 and has a substantial amount of room to increase before it reaches technical resistance. The positive volume index has begun a series of new alltime highs starting in Sept while the negative volume index has been making new lows since August. The relative strength index is also very bullish with all periods trending up to new highs and above the pivotal value of 50 with plenty of room to run before reaching overbought levels. The intermediate-term RSI periods show a breakout from a year long inverted head and shoulders. This is an extremely bullish indication when coupled with the alltime highs being made. The 89, 3, 5 stochastics have recently entered the territory above the bullish threshold (again alltime high levels have been reached here) with a very supportive uptrend behind it. The shorter periods of stochastics are exhibiting strong uptrends and have all the attributes that lend to continuation in the stock's upward trend. BOSCF's technical profile indicates that the upside potential for the stock is very great. The chart and the TA show that downside is very limited. It is still very early in the potential for BOSCF so the risk that a large increase may stall at some point is greater than if it had been trending up for a longer period but the TA suggests that entry at such an early point is quite desirable. This TA report is for informational purposes only and should be taken as such. Any purchase of the security discussed should be based on one's own research and grasp of risk tolerance.

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