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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Jun 6 11:01 AM EST

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To: Sylvester who wrote (1178)6/26/1998 1:10:00 AM
From: HeyRainier  Read Replies (1) of 4140
 
Hello Sylvester,

Sometimes there are days when there is no significant technical comment to be made; the chart needs time to develop. Until then, the prior comments I made stand.

The only thing I will comment on right now is that today's low, which held, was exactly at the trend line support. The indecisiveness of the chart to make a significant move is only adding to the suspense for the next few trading days.

I take back my first sentence; maybe I do have some comments:

Failure below this level will be met with some possible support at $7.00. Failing that, $6.00 will become a significantly higher possibility. The chart's technical strength is continuing to deteriorate since the multiple Doji days we recently had.

Deterioration to this extent is cause for more significant caution. Today's miniscule upward move did little to allay my concerns with regard to the near term technical strength of SNRS. It looks like it needs a good dose of positive external (or internal) developments--and soon.

Regards,

Rainier
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