IDTI - an IC Play on Growth Markets Message Board

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Technology Stocks : IDTI - an IC Play on Growth Markets

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

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To: Charlie Tuna who wrote (4087)	10/14/1997 12:37:00 AM
From: glen	of 11555

Here's the story Charlie...at least my 2 cents of TA: IMO, the chart looks pretty good. IDTI has been basing since 12/11/95, and on a weekly chart, you can see the HUGE base that is forming. The confirmation of a breakout will be a close above 16. When this occurs, my projected target price is 28-33. On a daily chart, the On Balance Volume has been ascending since late June. This is friendly and bullish action. More recently, there are two chart gaps. The first occurred when IDTI had a high of 11 13/16 on Oct 6, and a low of 12 9/16 on Oct 7. The next one happened when the high on Oct 10th was 13 1/4 and the low on Oct 13 was 13 1/2. The size of the gap is not as important as the fact that there are two unfilled gaps. This could be a breakaway gap. If it is, closing above 16 will not be far off. Above 16, its a whole new ball game, and a move to the low 20's will come quickly. I am aware of how often IDTI has failed to break out. However, this is the best looking chart pattern on IDTI I've seen (for a potential breakout) in quite a while. JMHO, glen

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