Audio and Radio on the Internet- NAVR Message Board

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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Stephen Adnan who wrote (933)	12/2/1998 10:13:00 AM
From: gammaray	Read Replies (2) of 27722

Stephan, Tech chart analysis bodes very well for navr. Yestday's low of 12 appears to be the bottom of this move. Here's why 1. The stock has sold off slightly more than 50% from its high (not closing high). Common for uptrending stock that gets ahead of itself. 2. The charts are faking many out. They look poor on the surface. The price and stochastic lines are both pointing straight down. However, the key in this uptrend is the stochastics. And the stochastic is sitting right on some very heavy support on a 1 day chart. I interpret a solid bottom and uptrend resumes soon. Neil

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