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 : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: stock talk who wrote (2787)	11/16/1997 6:20:00 PM
From: TATRADER	Respond to of 7396

Frank, have you done a volume study on EXGN?? I don't see accumulation on this stock from the technicals....At what price are they buying?? Looks to me if they are buying, it is peanut positions...... The stock approached upper resistance at 5.25 recently, and it got sold off, not bought... The stock sits with a Relative Strength in a downward trendline... The envelope channel is from 4.66-4.22....Bollinger Bands show lower extreme at 3.93 with upward trading band at 4.94....ADX trendline is weakening from 20 to 18....Yes, it probably would be a safe buy to get this stock in 3.90-4.00 area, but who knows how long you will sit with it....Maybe I am missing something and you can enlighten us..... Thanks, but I won't touch it unless you can flavor the pot...... Mark