SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Will Cunningham who wrote (989)5/17/1996 2:49:00 PM
From: David Luckie   of 1014
 
Will,

If you're charting this stock do the following and you'll get your answer:

Draw a line from the intraday low of 4/17 to the intraday low of 5/7. The line will also connect with the low of 4/29. Draw a parallel line connecting highs beginning with last Friday. Then draw a straight, horizontal line from 3/14 all the way through today at the $7.00 mark.

TLTK has built a strong base of support along that $7.00 line, but the upper line has been a strong level of resistance all week. In essence, TLTK has traded itself right into a corner. One of those lines is going to get crossed here in the next few days. Which one is anybody's guess.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext