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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI)

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To: Hardrocker who wrote (2398)5/10/1998 8:48:00 AM
From: Robert Meany  Read Replies (2) of 4539
 
Some TA Analysis:

Remember, TA cannot be used to judge all penny stocks, as they are very unpredictable. The 5 day MA has just crossed the 12 day, the last time this happened was in late January, just prior to a runnup of the price. The Bollinger Bands continue to tighten, which is an indication of a directional swing (either up or down). The Commody Channel Index is very bullish, this indicates positive momentum. The Relative Strength Index, another momentum indicator is also very bullish. The OBV, which indicates whether volume is flowing into or out of a stock is very positive, and shows a possible breakout beginning on or about 5/4. The TA also shows an accumulation swing.

Hope this helps all - remember this are just my thoughts and are not to be used to base a purchase or a sale on. You should do your own due diligence on any stock.

Bob
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