ACRT about to move to new highs Message Board

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Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

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To: Jan Robert Wolansky who wrote (5403)	5/5/1998 9:00:00 PM
From: stan s.	Read Replies (1) of 7054

Hi Jan....today has to be considered a pretty good day. ACRT managed to remain above the steep up trendline (light green) on a closing basis. geocities.com Very similar to a key reversal...but this on a short term chart. It also remained above the flat support line. I've drawn this line on an open-close basis...similar results would be seen on a close only chart. The spikes, while nice for trading (ahem), are insignificant compared to holding the uptrend line. A difficult task but not impossible.....rebounding stocks can do this for a long time. So far it has. A closing breach of the light green and it would likely test the darker green flat support line(s). As I stated yesterday, a failure would not necessarily be a big negative...perhaps only a short term pause. The good thing about the short term chart (though still showing weakness) is it's reaching oversold....if and when it makes an upturn...a decent pop should occur.....probably not THE POP unless accompanied by significant news. ACRT has to break out of the 18 range before a real move can begin. My opinions only....good luck, Stan

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