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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Judy who wrote (15937)	9/26/1998 1:55:00 PM
From: TWICK	Read Replies (1) of 42787

Hope I'm in the right thread for this question. I was hoping for someone to take a look at my technical chart analysis on RXSD. I'm new at this and I can use all the help I can get to see if I'm on the right track. RXSD - 18 seems to be a strong support for this stock. The chart shows a possible head and shoulder formation starting with 18 being the possible bottom part of the right shoulder. 18 was the closing price on Thursday and Friday with more than average volume. In order for me to be totally convinced that a possible right shoulder was forming on Friday, I would have liked to see the closing price higher than 18. The stochastic shows way oversold. I'm still not sure if the MACD is looking bullish or not, but I see that the fast and slow MACD trend lines are about to cross each other. I used the following charting services: bigcharts.com and clearstation.com Bottom line, I think RXSD was shorted big time last week and I'm seeing support at 18. On August 5, The company also announced a favorable outlook for their fiscal year: Message 5841540 This is purely a rookie analysis. Any experienced feed-back is greatly appreciated. TWICK.

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