Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (1449)	1/27/2002 10:00:17 PM
From: Dave Gore	Respond to of 16631

Stock analysis: ESST - Adding to Watchlist, Bruce Interesting, not good short term technicals overall, but bounce point may be near if the market/SOX co-operates. Clearstation: Has recently broken below the 50-day sma for the first time since early October. MACD looks fairly poor but the stochastics look oversold. RS rating of 90. Mixed signals. Bigcharts: B-band lines are at 18.80 and 25.40. Stock is barely above the lower band. Money flow and momentum reading poor. Watch for a turnaround in money flow and momentum before entering long. Stockconsulant.com: CURRENT PRICE 19.48, at support, 19.4 ± 0.84, type triple, strength 10 Upside Trade: TARGET 1 Price: 25.56 Profit: 31.2% Stop Limit/Trailing Stop Limit: 17.8 Loss: 8.62% Profit/Loss Ratio: 3.62 : 1 - Good TARGET 1 POTENTIAL Good, there are 1 resistance areas on the way to Target 1 Downside Trade: TARGET 1 Price: 15.98 Profit: 18% Cover Limit/Trailing Cover Limit: 21.28 Loss: 9.24% Profit/Loss Ratio: 1.95 : 1 - Poor TARGET 1 POTENTIAL Excellent, there are 2 support areas on the way to Target 1 Conclusion: Although it has broken below the 50-day sma, it could bounce soon. Stockconsultants has a strong short term bullish rating and a triple strength support low on about 18.60. But I would need to see much improved money flow and good SOX performance next week. Good one to watch.