Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: Sili Investor who wrote (10919)	3/6/1999 1:15:00 PM
From: keith	Read Replies (1) of 37507

From some of the previuos comments re:T/A I will toss into the arena my opinion....It has been said that the T/A's are indicating thAT THE PRICE OF BII could go either way....In reviewing the charts I will state that I think the charts are giving a Buy signal rather than a sell signal.....The Stochastics are in oversold territory.... canada.bigcharts.com In looking at the MACD.....this may be the indicator that some are using to be sitting on the fence and yes we are at a crossing point. If the lines go below the MACD line there remains the possibility that we will be going lower (MACD is a lagging indicator though, stochastics is not)....but with the Stochastics in oversold territory the odds favour the upward movement....In addition...when looking at the graph the MACD line is pushed towards the bottom of the graph and this too is positive.....therefore I lean more to the opinion that the odds appear to be in favour of an upward move more so than a downward move.....TA is not foolproof however, but it can increase one's opportunity in alot of situations. Keep in mind that if the MACD line flirts with the crossover line and begins to turn up it can lead to major upward movement in the price of a stock. canada.bigcharts.com The other compelling positive is when you study the price chart in the upper half of the charts.....it appears that a 'Pennant Flag' is developing.....also positive..... I appreciate others pros and cons with their read on the T/A's of bii at the current juncture....

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