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Technology Stocks : Metro One Telecommunications--MTON -- Ignore unavailable to you. Want to Upgrade?


To: Chance J. Curtiss who wrote (190)10/25/1997 3:17:00 AM
From: Doug R  Read Replies (2) | Respond to of 608
 
All,

There's convergence in the short-term stochastics and in another indicator that I use but don't like to reference because it's called the "ultimate indicator". (A ridiculous name IMO). Convergence is a condition where the technicals are getting stronger even while the stock is going down. The short term RSI has never been this oversold for MTON so I expect the combination of convergence and oversold will mean a move to at least the mid 9's and probably 10 next week.

Doug R