lcav Message Board - Msg: 3225712

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Microcap & Penny Stocks : lcav

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To: Manny Gugliuzza who wrote (165)	1/21/1998 10:00:00 PM
From: Manny Gugliuzza	Read Replies (1) of 942

need close above 50 day MA angle of rise is >80 degrees watch 15-1-5-5 fast stochastic for turn near 70 % now good volume to support this rally here up to the previous false start which happens to be right at the 50 day MA which has now leveled near 1.75. if another strong push to 2.35 or 100 day MA occurs quickly we may get a pull back to test the previous 1.75. this could be healthy but unnecessary before taking out the 2.65 area of massive resistance. long term basing could occur between 1.25 and 1.80 till some earnings fundamentals help out if 50 day MA proves too much resistance here. this rally has much better base than the last and should go farther. up and out of this pit hopefully. good luck with your trades ar.

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