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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: John F Beule who wrote (75935)4/25/2001 11:17:41 AM
From: Boplicity  Read Replies (1) | Respond to of 99985
 
Maybe base building if it can, massive gap, overhead resistance at 14 and 23, still in a downtrend, selling into an industry that is contracting. Notice stoch on the bottom and how it has been acting as the stock reached the upper channel in the downtrend.

stockcharts.com[w,a]dbolnimy[dc][pb25!b50!b100!b200!a14!a23!f][vc60][iUc20!Ua12,26,9!Lb14!Lf!Lg!Lj[$spx]!Lp15,3,3]

Add it all together and you have stock that will base at best, and be dead money till industry problems are resolved. Could be take over candidate as the sector consolidates. IMHO

B