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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Amigo Mike who wrote (23860)2/16/2001 2:26:43 AM
From: Ken W  Respond to of 29382
 
Hi Mike

LNOP: Strictly from a TA perspective I'd guess that the stock is at a critical juncture.

207.61.23.98

Notice that the 10dEMA is in a down trend and right at the 50dMA? If it does not hold that position and bounce back up then support is down around 10 where the bottom of the triangle is sitting. If it get down to that area then the trade is back up to the 50dMA with a lot of little moves on the way down and on the way up.

I did not look at any FA and tend to shy away from far east companies just due to the hositle enviornment of that area of the world.

Ken