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Technology Stocks : FORE Inc.
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To: Bernard Gauthier who wrote (7046)1/2/1998 10:51:00 PM
From: Ed Frye  Read Replies (1) of 12559
 
Hi Bernard.

Re: AORI TA

Candlesticks show a reversal of recent downtrend has been underway for last 4 or 5 trading days. Whether this reversal remains sideways or turns upwards will depend on future confirmation. 30 WMA also providing very strong support at current price level (@16). Resistance has been strong @18 (failed twice). If/when it breaks 18, next overhead resistance = mid-20s. OBV slight uptrend is positive. What happened in mid-Dec to cause 1 day spike followed by almost equal 1 day sell-off?

Bottom-line: Stock appears to have low risk/reward in the near-term but it is at a good entry point for a possible 2 point gain.

Now, tell us WHY you are so confident of FORE's near-term future (to get to 18+).

.........ed
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