Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.0129

0.0%

Nov 7 9:30 AM EST

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To: James Wright who wrote (2846)	4/14/1999 9:48:00 PM
From: Lawrence Burg	Read Replies (1) of 3645

Ordinarily, I'd back you & Bill up on the resistance levels; the 200DMA & $14 support in early February. However, NMGC seem to have little respect for the 200DMA lately...kinda winks on the way past... I'm here because of a volume alert a few days ago, and outstanding building momentum. Check this...http://www.iqc.com/chart/multichart.asp?w=600&period=180&time=day&chart=bar&chart1=bb&i0=2&i1=6&i2=8&i3=3&s=linear&symbols=NMGC Higher peaks & troughs on the RSI, MACD & Stoch. Note the MACD crossing up through 0. The +DI (green) diverging strongly & bullishly up from the -DI (red). Four big green volume days. Wish I could show you the Bostian's A/D...:o) I don't expect to crest the previous run to $23+, as there was more pronounced weakness on the pullback the last 4 months. But, I don't expect to hit resistance for more than a day or two at any specific price for a few points going up, either. Sorry for the hype, but a few of us are trying to perfect some screens for multi-day momo stocks, and NMGC has been standing out among the top for about 3 days. Got on board today just over $13 & just over $14. We shall se...

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