International FiberCom, Inc. (NASDAQ- IFCI) Message Board

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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI)

IFCI 0.0600

0.0%

Jun 7 5:00 PM EST

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To: stockycd who wrote (1709)	1/29/1999 9:55:00 PM
From: MskiHntr	Read Replies (1) of 3541

Let's see if I can complement your work. It appears the stock is in the final phase of completing a Head & Shoulders Bottom. The head is:4 7/8, both left and right shoulders are: 6, and the neckline is approx.: 9 1/2 timely.com The On Balance Volume is at its highest level (accumulation) tscn.com The Wilder RSI has turned up. tscn.com The Moving Average Convergence/Divergence (MACD) is positive. tscn.com Near term resistance is at 8 3/4 as you pointed out, but with today's volume (2,777,500,the highest daily volume in 8 months), coupled with a modest recommendation from a West Coast money manager, and the TelCo's need for IFCI's services (1 stop shopping), I think we now have a shot at the all time high of 9 3/4. If the stock can break through 9 3/4, the first price target would be 9 1/2 - 6 = 3 1/2 + 9 1/2 = 13, based upon the count from the shoulder to the neckline. The secondary target based on the head: 9 1/2 - 4 7/8 = 4 5/8 + 9 1/2 = 14 1/8. Looks easy on paper, now if only the market will cooperate. What do you think? Best, Joe

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