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 : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: charles@nagshead who wrote (5185)	11/28/1997 12:21:00 PM
From: TheInvestor	Respond to of 9262

To all: Please checkout this stock: QUST: The Chart On Wed. QUST made a small but very significant move. The price broke out of all short-term downtrends to indicate that a move to new highs is probable. After a one year fun from 1/2 to 10, a quick base here has a good inverted head and shoulders formation with a relatively steep downtrending neckline. Downtrending necklines are more easily broken to the upside and as the line is approached, a strengthening technical profile would be very positive. The Technicals The stochastics momentum indicator is intermediate bullish with a breakout occurring in the short-term SMI. The 89 day MA/MLR is not a factor here so in order to assess a break-out from a short-term pattern as a sign of continuation I use short-term MA/MLR periods. The 8 day period is just now accomplishing a positive crossover. At every other time QUST made a continuation, this indicator crossed upward and the stock rallied for 30+%. The 3 day Bollinger Bands began to open up after being compressed early in the week. The stock is starting a move up so this is supportive of expectations that the price will maintain at higher levels at least into the short-term that the 3 day BB's project to. The 377 day CCI is above +100 which suggests that QUST is also a candidate for continuation into the intermediateterm time frame although I would remain cautious considering the magnitude of advance over the previous year. The 3 day CCI just crossed +100 on Wed. which it has done frequently upon every continuation of the price. The 55 and 34 day CCI's are likely moving over +100 today. Accumulation/distribution broke out of a long-term (5 yr.) downtrend in Oct. and has continued trending up as the stock has based out for the last month and a half. Accumulation distribution exhibits a solid uptrend. Positive/negative volume is also favorable. The long term RSI (233 day) has been above 50 and is slowly trending up for the entire year of QUST's move. Short and intermediate-term RSI's are all supportive of continuation. The 89, 3, 5 stochastics have produced a knee here at a value of 70. Knees in stochastics are very positive events. This is also a value where stochastics start to show strength in price. There is plenty of room to go higher before over-bought levels are reached which would occur if the stock moved well past 12. Other periods of stochastics show that a significant move is highly likely at this time. The technical profile of QUST indicates that continuation to new highs is probable with a significant and rapid advance likely. Buy at your OWN disgression. This report by DIS is just a place to begin DD in consideration of this stock. We do not make buy or sell recommendations and this report should not be so construed. Regards, Ben