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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: DepyDog who wrote (654)6/12/1999 6:34:00 PM
From: Venditâ„¢  Respond to of 19374
 
DepyDog

Re: DRIV

Two important things to note in this chart both are negative unfortunately if you are long:

askresearch.com

The first thing to notice is when it fell through the green line (it's 200 day moving average) It lost all technical support. It is still looking for a place to consolidate and base. There is a fair chance that another lower level in the price will be seen shortly.

The second thing is looking at the red line (50 DMA) in the chart, it fell through both the 100dma and the 200 DMA which is very negative. It says the stock is still trending down.

In the smaller chart underneath the main chart you can see the red bars growing longer. This is signaling that momentum is continuing to be less and less and is also a bearish sign.

I would expect to see DRIV in the high teens to lower $20's very soon based on this:

206.146.143.80

I hope this has helped you in some way Depy.

Vendit