SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jack Zahran who wrote (18120)6/8/1998 6:44:00 PM
From: Raymond James Norris  Read Replies (2) of 31646
 
Today was a Bullish day for TAVA...(pretty obvious I guess...<g>)

Some updates: The MACD crossed over today for a "Buy" signal. The crossover, however, has not been as distinct and definitive as most would like.

The fast line is above the signal line but it's above that line by 1/100 of a point (the signal line is at -.65 and the fast line is at -.64). The only means that I can tell that the fast line is above the signal is because my charting software gives me individual values. Looking at it without this feature makes it difficult to tell for sure.

It still would be nicer to see a much clearer break (like -.50 vs. .60) and I believe that will come tomorrow with an up day.

The reason I say that is because the bearish weakness is becoming very evident. The last 9 trading days has been a series of higher lows (8.75, 9.50, 9.75, and today's 9.875). The Bulls haven't been very successful either but the bears' weakness is much more evident. A preliminary trendline can even be drawn connecting the lows mentioned above. One would like to see more volume coming in on the up days but little volume is typically normal towards the end of a coil.

I would not go so far to say that the absolute BUY signal has been given and this stock is ready to break. It's as close to it though without being fully evident. Looking forward tomorrow or the day after for a close above 10 1/4 and my own addition of more shares for the coming run up.

Conservatively Yours,
Raymond J. Norris
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News