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Technology Stocks : Equinox Systems (EQNX)
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To: HeyRainier who wrote (217)12/15/1997 1:07:00 PM
From: HeyRainier  Read Replies (2) of 765
 
There it goes...it's fallen below the 50 dma, and on some slightly active volume as well. The technical picture has shown what's called an RSI Divergence, and is considered a negative. The divergence was confirmed in late November, which was followed shortly after by another negative chart phenomena called Bull Trap, though of the mild variety. I do not have a floor target for the issue, however, should the current weakness extend futher.

Rainier
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