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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Jack Zahran who wrote (3769)10/9/1997 7:53:00 AM
From: Kip518   of 31646
 
Jack, FYI, for what it's worth -- AIQ (TA software, aiq.com) has for the last two days rated TPRO as ready to move up. (AIQ signals a little earlier to give time to anticipate the move. However, in my experience multiple day signals are usually quite good). AIQ says:

Analysis of the rate of change of the exponentially smoothed average price suggests the completion of a downtrend. The rate of change is bottoming out and shows signs of increasing. In this market this is a bullish indication that a reversal may occur soon.

The closing equity 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.

The closing equity price has reached a 21 day low accompanied by a positive Price Phase Indicator. This is a bullish non-confirmation which often indicates a price reversal to the upside.


Simply put, looks like TPRO is running out of folks who want to buy/sell in this narrow range. Suggests a move soon, more likely up than down.

(For another view see techstocks.com. Tech also uses AIQ and is looking for an explosive move in TPRO but is uncertain of direction. I put my bet on up, buying in yesterday.)

Ron
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