TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Charles J. Wajciechowski who wrote (419)	5/19/1998 6:45:00 PM
From: TATRADER	Read Replies (3) of 59879

BNTI...Long-term rectangle pattern, measurement of 60 by 20 cents...Giving target of 1.00....Major support at neckline at 62 cents...ADX at 45, very strong trend...I always sell when ADX moves into high 50's if not before....Short-term pattern is flagpole... Measurement is 95 by 65 cents....Consolidation area is at 80 cents... Approximate spike before heavy selling should be at 1.12....Personally, this stock is too risky for me to enter at this point....I would be a buyer in the 62 cent area, or on a breakout from 1.12 area on volume 3-5 times normal 200 day volume....Regards, Mark

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