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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?


To: dgurgel who wrote (7366)12/1/1999 1:20:00 AM
From: SkyDart  Read Replies (1) | Respond to of 10081
 
Moving Right Along...Technicals Heating Up...

The stock seems to be simmering nicely as the volume escalates.
Looks like we have confirmation of the reversal pattern [Reverse Head and Shoulders Breakout].

I remain long, as we are seeing a major change from the prior downtrend where every upday used to be followed by a quick drop. Now the stock is making successively higher highs and higher lows on HIGH VOLUME. Once this stock takes out the 3.0 spike high made earlier in November [with a confirming close above 3] we could see a quick runnup to the 5+ range.

If the general market holds up, this should be a profitable run in GMGC.

Good Luck All,

Skydart