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Strategies & Market Trends : Alpha Stock Pick Charts

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To: Trader X who wrote (9)	2/11/1998 5:56:00 PM
From: SE	Read Replies (1) of 70

Kevin, Got one more for you.... tscn.com Gasonics, Intl. Looks like a bottom to me. Ascending triangle formation while beating its head against resistance at 12 - 4 times since Dec. Finally broke through 12 on good volume early Feb. I suggest a buy on a pull back to 12 with a short term target of 15 at which point it will meet some pretty decent resistance. Stop at 10.5. Downside is 12.5%, upside is 25%. Could set the stop at the up trendline at about 11 if you wish to limit your downside. However, I see 11 also as the bottom of the support zone, so perhaps it would reverse at that point. -Scott

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