The Rational Analyst 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.

Strategies & Market Trends : The Rational Analyst

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: majormember who wrote (537)	4/1/1998 12:12:00 AM
From: HeyRainier	Read Replies (1) of 1720

[ Sunrise Technologies: SNRS ] A correction? At this stage in the stock's price, I would express some caution. The stock is indeed very strong, but today's price action could dampen the near term advance: the stock price, in candlestick terms, has experienced a bearish Shooting Star-like pattern. For an explanation, please refer to the following link: scifi.co.uk I will always express some caution when I see these patterns; in my experience, they usually can lead to a brief dampening of an advance (i.e. sideways trading), or a downright decline if the advance in the issue was due to speculative accumulation by short term players. For SNRS, there was a similar reaction on 3/17/98 and 3/24/98 (though not as close to the rigid definition of the pattern). On 3/31/98, it has done it again. (Thinking outloud: is there a pattern to the 7 day cycle here?) I hope the added perspective helps. Regards, Rainier

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next