Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: stockycd who wrote (3633)	11/21/1998 10:54:00 AM
From: HairBall	of 8307

stockycd: We are in a fairly substantial consolidation pennant that should be resolved next week one way or the other. Exactly...GOOD CALL. Noting the Bullish Pennant on the Daily Semi-Log Chart as of Friday's close and projecting those trend lines forward for one day (Monday), the upper descending trend line (resistance) extends to approximately 14.5 and the lower ascending trend line (support) extends to approximately 13. The norm, would be a break to the upside. Of course, chart formations are not 100% and the overall Market direction may effect EGGS. No position in EGGS at this time! Regards, LG

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