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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (4023)10/18/1998 4:59:00 PM
From: Christopher  Read Replies (2) of 59879
 
Mark, I noticed the overhead resistance on BCGI(I know how to calculated now!!). Also BCGI closed one day above its 200 day MA and
retraced back below it. I think BCGI has to take the resistance and break above its 200 DMA and test it as support before it advances. BCGI seems to have created also a downward wedge which should bring it
to at least the $11.00 estimate of Rachid and probably even more. Currently the 14 day Stochastic is in the oversold area and going down. However, the 14 weekly Stochastic is bullish. My guess is when the Stochasitc go into the oversold area the stock will poised for good advancement. My 2 cents.

P.S.: Mark, how come you are always on the money when it comes to TA!!
I think your thread has the best TA that I have seen so far on
on SI. Good trading.
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