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Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (779)	7/12/2005 11:56:00 AM
From: Jibacoa	Read Replies (1) \| Respond to of 1404

TWAV In spite of the poor showing on its last Q for 2005 (March) where revenues were down 18% and the loss more than doubled to $0.14/shr it seems to have found support at the $2 level.<g> Some insiders bought in February around $2.70 and $2.89 albeit more recently they have registered some planned sales.<g> TWAV reportedly has around $0.37 in cash/shr and no significant LTD Early this month it announced that it had entered into an agreement for selling its CCD-i product to TEL for $9.95M The stock is not off its long term downtrend coming from the H at 7in Nov.2003 and it needs to close above its June 23 H of $2.58 to confirm a nearterm uptrend that it seems it has started yesterday.And it will also need to close above $3 in order to close the downgap of Feb.4 <g> The chart shows a rudimentary or incomplete cup with a very short handle.<g> bigcharts.marketwatch.com Otherwise, the longer term chart shows the intention of a cup formation with quite a long handle.<g> bigcharts.marketwatch.com The EL for TWAV is still around $0.17/shr in 2006 and its not expected for it to be in the black column until the year ending in March 2007 when the EE are around $0.19/shr <g> Bernard