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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (3372)12/12/1997 7:36:00 PM
From: Mark[ox5]  Read Replies (1) of 7396
 
Lzzrd, Mark..please look at chart for MAVK. I'm unpracticed at all but the most basic of TA, but this one looks easy.

Right now its currently very near its 200dma = 26ish , and its 50dma = 33ish. Its been trading very nicely in this channel. What are your perspectives? It seems to have serious support at the 200dma. Thanks.

P.S. Same story for PESC, although it broke through 200dma intraday. Thoughts on this one too? (200dma = 25.75, 50dma = 30) Both are fundamentally good stories. (especially MAVK)

Mark
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