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Pastimes : LVB Investment Group

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To: Vanni Resta who wrote (286)10/8/1997 10:18:00 AM
From: Leo Mitkievicz   of 1253
 
Vanni - CHAT AVX chart

Don't know AVX at all. Chart is very interesting, with a BB squeeze in place. Early indicators are currently negative. Support from 100x MA sits about 32. If the support at that level does not hold you could see a classic "head and shoulders" pattern forming.

Right now, based only on a quick look at the chart, it could go either way. Best way to play might be a through a series of buy-stops on an upwards break-out.

I'll be happy to re-check the chart and try to pick an initial nibble buy-stop.

Why do you like this company? Earnings revisions? What's it do anyway?

gramps

Leo
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