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Technology Stocks : TresCom International(TRES) -- Ignore unavailable to you. Want to Upgrade?


To: glen who wrote (14)12/6/1997 9:12:00 PM
From: TATRADER  Read Replies (1) | Respond to of 17
 
glen, i never trade on rumors or tips...But thanks for bringing this stock to my attention again....It entered the envelope channel on Friday with powerful volume....Evelope channel presently pegged at 9.68 to 10.68...I have a short-term target of 10.68 on this stock as it attempts to test the upper limits of the old rectangle pattern from 9.00 to 10.50....My ADX has moved up from 19 to 23 showing me that a trend is strengthening......My momentum indicator is just a hair under crossing the 21 day moving average....That would signal an all out buy...You have a 21 day expansion pivot on this stock...If I entertain
moving into this one, it will be a certain percentage above Friday's high....That would show me continuing momentum...I would ride to 10.50, and either exit there, expecting a pullback, or continue the ride if we can break through.....Once again, thanks....Mark