The 56 Point TA; Charts With an Attitude Message Board

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

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To: Dave H who wrote (9726)	12/29/1997 8:12:00 AM
From: ivan solotaroff	Read Replies (1) of 79296

NVAL: "NVAL is currently in an uptrend with support at around 5 1/2" Dave, G'morning. Are you talking about the trendline that began in March 96? If so, that was broken in August, but otherwise still seems operational. I couldn't measure precisely in the time I have this morning, but it seems to be low to mid-5s; that, coupled with this stock's depressing history (at most optimistic, I would say it's potentially MIMBOing its way out of a saucer with handle pattern), would lead me to label it as a super-cautious buy on high volume and price increase. It's not like this has any more work to do in the 5s; it's done that and more. It just has a lot of history in the 5s and low 6s, and that all feels like resistance to me. A bright cheery note to start your week. Ivan

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