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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?


To: Sandra who wrote (4473)1/4/1998 3:17:00 PM
From: James Strauss  Read Replies (2) | Respond to of 4701
 
TSCN...

>>>Wanted to get your thoughts on TSCN, still making higher highs, and higher lows, and the fundamentals seem solid to me. Ive never used WallstreetCity, just looking at it briefly, it looks great!<<<
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Sandra:

TSCN has very low volume... MACD has turned down, and moneyflow is weak... This may be topping out... On a weekly chart there appears to be a small Head and Shoulders pattern forming... The left shoulder and the head is already there... If this low volume and negative MACD continue, the right side of the Head and Shoulders will break down... there is support in the 5 1/2 to 5 3/4 area...

Jim