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Microcap & Penny Stocks : lcav
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To: Whiskey who wrote (619)2/24/1999 8:12:00 PM
From: Manny Gugliuzza  Read Replies (1) of 942
 
Actually i find this stairstep meandering to be more durable and supportive for price movements.

as overhead resistance is slowly eaten away from past management errors, the uptrend lines and channels are showing more strength like this than the previous rises we have had. a little more predictable

with continued positive earning reports we be back at the happy place soon enough and maybe with some fire.

you had to have some sell down after 2$ from those that broke even from buying down low again after purchases near 3$.

next step up should be closing above 2.25 and should have back down support there after trying 2.75-3.00.

I think we are looking at hard earned price movements here, and surprises in earnings could supply the fire for that fuse.

good luck

ar.
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