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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (2622)	4/4/1998 11:22:00 AM
From: wizzards wine	Read Replies (1) of 29382

Morning Sergio, I took a look at PWAV and MLT for P&F: PWAV has an RS sell and is in a column of O's. Bearish resistance line is up at 19 and it broke a double bottom on 3-23, currently trading at 14.63. There is resistance at 15.5 and then 18. It has been trending down since last Oct. If it breaks to 16 could play to 18. From the looks it likely will not break the resistance line at 19. MLT has RS buy in a coulmn of O's. Trading well above the bullish support line which is at 5.5, and currently had a 13 box run up to 13.5, from the chart I would not be supprised to see it pull back to 10-12 before advancing further. Just my thoughts. Later Preston

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