The 56 Point TA; Charts With an Attitude Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: freelyhovering who wrote (7724)	11/16/1997 3:23:00 PM
From: Doug R	Read Replies (1) of 79471

Ivan, Myron, Since SCNI is a youngster, I used the 55 day MA/MLR and it's set up to make an optimum crossover. Both are moving up which is a big requirement. The other technicals say to wait for the breakout, the volume looks good and some of the short-term stuff have preliminary breakouts. The MACD seems to be retesting a breakout over its downtrend. This indicator is the one that most suggests to wait until the price gets to 14 or more on volume before buying. The short-term (5 day) moneyFlow is reaching overbought but it looks like the stock could get to just over 15 before it would need a brief rest. Of course accomplishing that would constitute a breakout from the widening formation and if one was stalking it, they would already be in before it got to 15. After the usual consolidation (basing), SCNI would continue above 15 and trend up to test 20 in the short-term. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next