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

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To: doc who wrote (11405)1/28/1998 12:25:00 PM
From: Dave H  Read Replies (1) of 79183
 
doc,
re ANCR

I'm looking for ANCR to break 5 1/2 on strong volume. ANCR's 3 month average daily volume is about 125,000. If it breaks 5 1/2 on strong volume, I'd expect maybe a point in the very short term.
So far today volume is pretty low, but 5 1/2 is being approached...

Note this analysis is purely just off the chart, not very in depth. Just using trendlines and such....

-dave
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