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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO
SYNT 40.990.0%Oct 10 5:00 PM EST

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To: Stephen who wrote (2196)11/20/1998 12:11:00 PM
From: R. Bond  Read Replies (2) of 2761
 
stephen,

re TA: the price trend is down and the volume trend is down. Bearish. SYNT is continuing to make lower highs and lower lows. Their is (dare I use the word) support around 11 1/8.

If you want to look on the bright side, check out the MACD using Fast MA 8 and Slow MA 21. In the past this has been a good, timely indicator of a prise rise when the fast line crosses the slow one. We have just crossed over, but need a confirmation sign. Say, a close above 15?

Cheers,
Bond
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