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: Raymond James Norris who wrote (875)	6/15/1998 7:36:00 AM
From: TATRADER	Read Replies (2) of 59879

Raymond, if you have any comments on GATE from a TA perspective, would appreciate input...On Monday(see paper), IBD moved the Accumulation rating up from B to A...IMHO, the smart money has been moving in on the stock in the 1.56-1.68 area, since it refuses to bend on taking out 1.56 on the bid...My ADX has been moving up daily, and the RS trendline is up as long as we hold 50...In fact if you look at the RS on a chart, it almost looks like a Head and Shoulders Bottom, with the building of the right shoulder taking place at this point...2.50 is going to be a nightmare to take out, unless present volume levels pick up significantly...Smoothed rate of change continues to move us nicely... TRIX is now on day 7 over the zero line..I do have a protective stop set on my position which I entered late last week at 1.62... Regards, Mark

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