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Microcap & Penny Stocks : lcav

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To: Manny Gugliuzza who wrote (193)2/3/1998 10:07:00 PM
From: Manny Gugliuzza  Read Replies (1) of 942
 
10 and 20 day moving average converging about 1.45 now look for up day soon to avoid crisscrossing which would be very negative even after 4 straight down days. need good up day to avoid this or an equal close
tomorrow.

50 day moving average at 1.70 now. before we see any real move to the upside these averages must realign themselves such as to have the 10 day on top then 20, 50, 100 etc.below and so on.


got one more order filled today at 1.13. backed off the last buy due to rise in vol on the sell side.

some good positives in this world of down days here. volume finally dried up on the sell side today, not very much buying to reverse but still some brakes are being applied down here now.

price rate of change for 5-7 days, which i am following due to the swing patterns developing and will go out more days as they extend, is
about with the last bottom low.

bollinger 5 day low band is contacting stock price for 2 days now.
usually this has to be near to produce a buy signal not even touching.

slow stochastic 13-5-7-7 still positive but arching down.

downtrend still in tact at 78 degrees however this can be broken with just an even close or better tomorrow.

will try for last purchase just below 1 dollar depending on opening or try to get more on the way up again. especially if we get a reversal day with volume.

interesting volume. it is nearly identical to the rise as it was here on the way down. seems to be more stable and some what consistent to read now.

trading gap at 1.42 closed now should be 1st testing area at 10 -20 day moving average.

good luck should see strong buy signal tomorrow or next day.

ar

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