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

To: Walkingshadow who wrote (17538)	12/26/2000 6:54:34 AM
From: Vendit™	Read Replies (1) \| Respond to of 19374

I’m just looking over the BEAS charts that that you posted and I agree that it looks short term bullish. Intra-day candle support is $69ish. Next overhead resistance is at $75. $75 seems highly possible. Looking at your Bollinger chart I note that it closed above the MA you chose which I believe is 8. If I remember Bollinger theory correctly the fact that BEAS closed above that MA means a continued move towards and contact with the upper band is very likely and the 8 MA now serves as short-term firm support. That said, $80 is the next target, which would also be in line with the upper trend line.