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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)

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To: current trend who wrote (524)4/12/1998 9:12:00 PM
From: current trend  Read Replies (1) of 3458
 
An outside technical view---

Market Trends: Stochastics

To: +current trend (485 )
From: +Wayne Van Scoyoc Sunday, Apr 12 1998 7:57PM ET
Reply # of 490

On TRBDF the trend is up and the bollinger bands are just starting to open up after being quite narrow. The close on Thursday was slightly above resistance. I'd expect it to go at least to about $5.50 which is the next resistance level. Stochastics are not yet indicating a top. If you look at just the slope of bollinger band width it becomes clear that the volatility is increasing and is not anywhere near peaked indicating much more upside on this one.

Wayne
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