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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)
THNS 0.00Jun 7 5:00 PM EST
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To: Markus who wrote (4126)8/21/1998 8:11:00 PM
From: majormember  Read Replies (2) of 15313
 
<If you go back and look at the day FNTN went to 2.25 and then finished the day in negative territory, it seems to me that the opposite has just occurred>
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Markus...WRONG, going to 2.25 and pulling back on profit taking is
not the same as the reversal we had today. When the reversal happened
to FNTN today, it was an excellent sign. Meant that we should not
be revisiting that area of price range again, barring unforseen
fundamental problems. The TA below is from one of the best TA'ers
on Silicon, IMO. I have lost a lot of $$$ going into a stock
without checking its TA. Foolish to buy a stock without knowing
basic TA....Have a good weekend.....Skane

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FNTN, yes it was a reversal, there are many different types:
Example: Lizard Bull is when stock makes a 10 day trading low and then finishes in the top 25% of its daily range..50 day expansion pivot...50 day was at 1.04....Largest range expansion in past 10 trading days(high low price), and stock moves away from 50 day price...There are many more reversal possibilities, but don't
have time to mention them at this poin...
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