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Technology Stocks : EDS - Recent pullback a buy opportunity??? -- Ignore unavailable to you. Want to Upgrade?


To: kodiak_bull who wrote (1812)11/27/2002 3:40:48 PM
From: Ditchdigger  Read Replies (1) | Respond to of 1841
 
"the extra penny is so as to NOT frontrun you, amigo" ROFL!!, you always were a good sport!! If one uses a .05 size box size (appropriate for the share price size,IMO) the chart is looking very interesting, trading above the bullish support line established at a buck. Hard resistance at 1.85, a 26% move from 1.46,,short term support at 1.35, 7% drop...risk/reward favors buying..but we shall see<g>
stockcharts.com
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On topic, eds looks very good breaking up through the 16.50 double...I mentioned the "longtail down" pattern in a prior post (20 or more consecutive boxes down )..the sweet move would be a retrace up of 50% of the 40 box move down from 40, or a price of 20..I'd look for strong resistance at 20,(based only on the long tail pattern, it dropped so fast there isn't even a blip on the way down using a .25 size box<g>) JMHO
stockcharts.com