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

To: Ken W who wrote (29160)	10/31/2002 9:16:24 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

Ken, look at one year chart on DFIB. Draw a line from it's all-time high to today's close. This line defines resistance at about $2. As you know, each time the stock fails to break over resistance, it will regroup and make another attempt, and form a trading range that's particularly predictable when the stock is trading in between the 50 and 200 day MAs. While stuck in the trading range, the ceiling is lowered and the bottom gets higher. The trading range narrows and... You know the rest! CDIC's chart, on the other hand, defies TA. Only read I can make is that 3-3.5 is a steel ceiling that will require heavy explosives to crack. While this type of heavy resistance may make the stock boring to watch on a daily basis, a breakout would be extremely worthwhile. Have a good nite Amigo. Sergio ps Got my wheels back:-)