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Non-Tech : Agribiotech(ABTX)-Powerhouse of turf and forage seeds
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To: sherine elgohary who wrote (59)1/15/1998 12:24:00 AM
From: glen  Read Replies (1) of 82
 
Sherine,

I am long SUNW and have been for a year. The long term charts are bullish with a $60+ 12-month objective. On a short term chart, SUNW broke down and formed a head and shoulders top. It has yet to get back even to the breakdown area of 45, the high retracement being 43 5/8 so far. Short term support is 37-38, and short term resistence is 43 1/2 and up, until it makes new highs. IMO, it's a good long term hold as long as it stays above 36-38 and as a short term play, there is probably better risk/reward situations.

JMHO,
glen
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