Charts for Quick CASH $$$ Message Board

STOCKTALK

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.

Strategies & Market Trends : Charts for Quick CASH $$$

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alli who wrote (8460)	8/30/1998 10:55:00 AM
From: Michael R.	of 9262

[NM] Hi Alli, I haven't looked at the fundamentals, but technically, I think this is an interesting chart. The stock had dropped to a support level at around 3.875 on Aug 26. That day's candlestick was a "piercing line" which is a reversal pattern. The next day was a hammer, A Takuri line, in fact, which also suggests a bottom reversal. One can argue that Aug 28th's black candle forms a tweezer bottom, another bottom reversal pattern. The low on the 26th is also at a fibonacci retracement level from the high on Aug 20 and the low on June 29th. Michael

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next