Osicom(FIBR) Message Board

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Technology Stocks : Osicom(FIBR)

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To: Bryon Bothun who wrote (9714)	5/26/1999 1:19:00 PM
From: J.B.C.	Read Replies (2) of 10479

I can't recall Bill giving any info on P&F for fibr, but he may have: here's a Point & Figure update: Currently the stock is trading below the Bearish Resistance Line (BRL), which is bad, right now it must trade at $19.5 to reverse that at this point. The Relative Strength (RS) is a buy in a column of O's at 0.89 and is closer to reversing to a sell at 0.25 than confirming a buy at 1.75. The stock trading pattern is forming a triangle that will confirm a bullish break-out with a trade @ $12 or a bearish break-out with a trade @ $8.5. From a point & figure perspective, you wouldn't enter a position until the stock breaks-out at $12. If you own the stock, you'ld put in a protective stop just below $8.5. Jim

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