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Strategies & Market Trends : Attitude Small Stock Discussion

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To: Ken W who wrote (228)11/14/1997 10:26:00 AM
From: James Strauss   of 385
 
CHGO....

>>>Anyway, James, CHGO has had a fairly good chart this last week and appears to me, to be retesting it's little breakout, having come back down to 1 15/16 from 2 5/32 small resistance at 2 1/4. RSI is still in positive area with momentum following. The co. is growing through opening new stores, most of which are profitable. Earnings are due out 11/14/97. Stock has warrants, exercise price of 5.50+warrant good to
2002. What do you think? Up or Pup?<<<
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Ken:

MoneyFlow is negative... Daily MACD is neutral... Weekly MACD is positive... Two converging trendlines meet at 2 3/8... So... You can buy it for a quick pop to 2 3/8 or wait until it closes above 2 3/8... If it fails that test, it heads south...

Jim
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