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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company)

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To: Grant Schlamp who wrote ()4/3/1998 10:28:00 AM
From: Steve Kirk  Read Replies (1) of 1443
 
I only shorted 5000 but intend to buy them back ASAP because the technical information is terrific!
Steve

A TECHNICAL REVIEW OF GROUP WEST SYSTEMS FOR 4/2/98

LAST DAYS TRADING VALUES

Open 7.8500
High 8.0000
Low 7.8000
Close 7.9500
Change 0.2500 (3.25%)

Immediate Situation

The price trend indicates strength. Price volatility is above average. Expect the prices to range from 7.55 to 8.35. Watch for immediate price support in the area of 7.70 and 6.90. Immediate price resistance is indicated in the area of 8.60 and 9.92.

Short Term Trend

The short term trend is bullish. An important price support line of 7.70 was established on April 2, 98.

Intermediate Support and Resistance

Expect intermediate price support at 6.50 and 5.40. Intermediate resistance is predicted in the area of 8.60 and 9.92. The intermediate trend is bullish.

Long Term Forecast:

The long term forecast is bullish. The positive strength rating is 100.00 percent and the negative strength rating is 0.00.
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