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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: DD™ who wrote (1001)2/7/1998 4:41:00 PM
From: Superhawk  Read Replies (1) of 1936
 
Double D:

You wrote that Sapiens' chart hardly has the appearance of a
company about to release good numbers. I took a look at it on the
link you provided and, although I'm not a certified chart-reader, I
think it looks good. Higher highs recently, higher lows, decreasing
volatility (I think TA folks refer to this as constricting Bollinger bands),
and maybe even an ascending triangle. In fact, Sapiens' chart
resembles Alydaar's, and an TA guru just pronounced it great:

Subject: ALYDAAR SOFTWARE (ALYD)

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To: Tech Master (4311 )
From: Kevin Hansen Wednesday, Feb 4 1998 9:24PM EST
Reply # of 4359

<!-- *** ALYD preparing for a breakout. *** -->

I drew some lines on the ALYD chart, and put it up on my website so you folks at home could follow along.

ALYD weekly chart:
cris.com

What's it all mean?
ALYD is about to breakout above $20 in a move to at least $26, after a brief stop near $23 to gather momentum and retest support at 19 1/2.

the yellow lines indicate the current trend channel. The price history between the bottom yellow line and the red horizontal line form an ascending triangle pattern. The depth of the triangle pattern indicates the upside move to be about 6 points. Usually this is a conservative estimate. I expect the move to actually be closer to $30.

Also worthy of note is the crossing of the 10 week (50 day) MA over the 20 week...another bullish sign.

ALYD is going up soon.

-ci>SHAZAAM!

I've asked Kevin Hansen if he'd mind taking a look at SPNSF's
chart. Here's hoping for explosive earnings news Monday.
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