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Technology Stocks : Equinox Systems (EQNX)
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To: Scott H. Davis who wrote (431)6/18/1998 1:22:00 PM
From: HeyRainier  Read Replies (1) of 765
 
There is a case of quintuple support at current levels:

(1) The horizontal support line at current levels.

(2) The bottom Trading Channel boundary from the short term downtrend.

(3) The Long Term uptrend line.

(4) The 144 day moving average.

(5) The bottom Bollinger Band; piercing this boundary usually indicates an extremely oversold state. We do that with today's action.

The low volume makes the decline suspect and possibly lacking in substance.

Regards,

Rainier
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