CSGI ...READY FOR TAKE-OFF! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CSGI ...READY FOR TAKE-OFF!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tech who wrote (2392)	2/10/1998 11:57:00 PM
From: tech	Read Replies (1) of 3391

_________ A Special Note to ConSyGen Investors __________________(T/A) Analysis of CSGI as of close 2/10 The upper Bollinger band is at 5 1/8 The lower Bollinger band is at 4 11/16 (The bands have tightened and indicate a period of consolidation) The 49 day avg. is at 5 1/8 The 21 day low is at 4 9/32 (which is the support line) The 21 day high is at 5 3/8 (which is the resistance line) avg. daily volume ( based on a 21 day period) is at 32,000 As I indicated before, CSGI has been in a period of consolidation. Both volume and volatility have steadily decreased. Sharp moves in price tend to occur after the Bollinger Bands tighten. Since reduced volatility denotes a period of consolidation, the first increase in volatility after a consolidation tends to mark the start of the next move. The first resistance level is at $5 3/8, if this line is broken it would be a good buy signal. Right now, volume and volatility are the key factors. Once you see them increase, it will point out the beginning of the next move. CSGI should be nearing the end of the consolidation phase and I am looking for a possible break-out at any time..... stay tuned.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next