Microphonics Inc. (mrps) Message Board

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Microcap & Penny Stocks : Microphonics Inc. (mrps)

MRPS 0.0001000

0.0%

Nov 17 4:00 PM EST

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To: Jon Scott who wrote (6307)	4/25/1999 10:30:00 PM
From: JoeinIowa	Read Replies (1) of 8189

MRPS - Technicals The stock has finally broken away from its long downtrend started in mid 96. It did this on heavy volume which is a great indicator. Volume continued for the week at 300K/day. This was the same as the previous week and 2 times the prior 4 weeks. Using Big charts look at the RSI. As can be seen there has also been a break of the RSI downtrend. This movement I've been told is called a Jail Break and is usually followed by another pop upward, which is followed by a basing period at the higher level. I can see this TA scenario playing out with financials causing the pop, and then basing until further news is released. Of course the basing period may not be very long. bigcharts.com Select RSI for indicator. Connect the peaks. See the break. Joe

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