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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (10936)12/2/1998 9:16:00 PM
From: Magnatizer  Read Replies (2) of 29382
 
Sergio

I entered CNGR today (finally). I agree about the news.

CNGR magnet update: 5.25 strong, 5.65 uptrend, 5.75 strong neutral zone, 5.885 uptrend, 6.25 strong, 6.4375 weak, 6.50 weak, 8.25 weak, 10.375 weak, 12.872 uptrend

CNGR is currently finishing up testing of the trendline which have defined its top in the last two runups it has had. Sep 97, May-June 98. I feel with the current improvement in the FA CNGR will likely break these trendlines and they will become very strong support.

Like entry around 5.75 strong neutral zone.

If someone wishes to plot the trendlines I am referring to use the following dates and connect the lows

12.4.96 to 1.27.97
1.27.97 to 2.20.97

Thanks Cary

ht
david
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