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Technology Stocks : Brightpoint - CELL

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To: JakeStraw who wrote (1382)2/9/1999 5:17:00 PM
From: Brian Lempel  Read Replies (3) of 1999
 
To complete the technical pattern, I would not be surprised to see CELL be taken down to $13 on light volume. Kind of like today. Especially if there is continued market weakness (or crashes).

Anyway, what we had was a large diverging triangle. Once that inevitably broke, there was a nicely established downtrend line. Support will be found at $13. Breaking through the new trend will prove difficult. However...time to load up the boat when it is broken on the upside.

Brian
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