RMII Message Board - Msg: 8939175

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Technology Stocks : RMII

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To: coug who wrote (265)	4/15/1999 11:57:00 AM
From: architect*	Read Replies (1) of 345

Coug, When 15.75 didn't hold as support I looked for a test of $12, support. 13 looked good on the chart so, 13 1/4 was close enough for me, back in @ 14.25. looks like we are trading in a short term range with 15.75 as resistant and 13.25 as support, hope this helps. Also like this one long term. see my notes from previoius posts. "It is currently trading in a range of $10.25 to $15.75 with intermediate support at $11.75, a break above $15.75 would be a major break of the trading range and the MOMO trades will start a buying frenzy for daytrading. RMII has short term support and resistance at $12 and it appears to me we have broken through this $12 support on the upside and this signals to technical traders that the trend is now up." back in LPGLY at 26.75 in my trading account. John

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