Myron
IFCI mags: 6.50 neutral zone, 6.65 dtrend, 6.71 dtrend (12.11), 7 quarter zone, 7.15 dtrend (10.7), 7.50, 7.81 utrend, 7.91 utrend
The 12.11 and 10.7 refer to tlines which are not magnetic. 12.11.97 to 5.14.98 connect lows and 10.7.97 to 5.26.98 connect highs. 12.11 has been the tline support for many strong upmoves. 10.7 has also been important. These lines cross in late April
I would call IFCI a trading stock only right now. Its on weekly sell rating so I would only play it if I bought near support and could watch it all day.
AKLM mags: 7.52 utrend, 7.61 utrend, 7.75 very strong mag, 8.03 utrend, 8.25, 8.375 weak, 8.50 strong, 8.625, 8.969 quarter zone, 9.313 neutral zone...
AKLM bounced off its long term downtrend last week. Gapped its short term downtrend on Friday. IHS formed on many short term indicators. I would say its a heck of a nice short term play. Wish I had been watching it Friday as I would likely already be in. Needs to be bought near support level as it is a weekly sell rating so it needs to be treated like IFCI, buy near support, watch close.
ht
david |
