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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH

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To: flickerful who wrote (1388)5/5/1999 10:17:00 AM
From: stan s.  Read Replies (1) of 1391
 
RCNC, Hi flick, that Equis java site lets you draw your own trend lines. You can see that RCNC's close yesterday (closing basis) was directly on it. ANY closing breach of that today will likely send it to lower support in this case 37 1/2 or so.

It's getting nicely oversold here so, as you say if it dips, a buy on the upward momentum signals as they occur would appear prudent. You gotta make sure it holds support first.

Watch it close, gave a very short term sell a couple of days ago...I'll be interested to see how the weekly candlesticks look on Friday's close.

Stan
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