FRSH Message Board - Msg: 475833

STOCKTALK

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Microcap & Penny Stocks : FRSH

FRSH 11.21

+3.3%

Nov 7 9:30 AM EST

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To: P. Ramamoorthy who wrote (37)	11/22/1996 10:33:00 AM
From: TATRADER	of 531

Here is a FRSH technical update.... The stock encountered a healthy pullback yesterday to its 200 day moving average yesterday at 2.66....As long as we can stay in this area, backing and filling the uptrend should be in place....The market makers may try to shake some shares taking the stock down on a spike to the 2.30 area....I see major support at 2.30, and the uptrend should not be violated if we take a trip down to this area....However if the stock closes below 2.30 at the close, I would exit this stock immediately....My Momentum indicator flashed a buy on November 19th for the first time in several months....Tuesday it read, 0.25, Wednesday, +.63 and Thursday it read +0.75....The MACD indicator confirmed the buy on November 20th at 0.03 and yesterday moved upward ever so slightly at 0.08.....The top of the Bollinger Band is at 2.71...A close above this mark on the ask would confirm our next move above the 3.00 area....Once we hold three, the flag formation is stating a quick move to the 4.00 area....To figure the flag, you take 3.10(the recent high)and subtract it from 1.70(area before breakout)...You get 1.30....That amount is added to where the stock is basing for the next price objective....Have a good trading day...This stock looks healthy....Regards, Mark

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