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Strategies & Market Trends : Technical Analysis - Beginners
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To: Richard Estes who wrote (7788)1/17/1998 10:39:00 AM
From: F Robert Simms  Read Replies (1) of 12039
 
Richard, EVI is an interesting stock chart wise. The price/volume pattern is the same as it was last March. At first glance one would think that it would do the same thing. I think that there is a big difference though. The stock is below it's 200 EMA now but in March it was above it. So, I predict that near 48 it will bounce back from the 200 EMA and upper trend channel and retrace. I think it will go near 48 and could be played for that. I would be extra quick to bail out. But as you say "Who knows?" I less than many.

Best Wishes,

Bob
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