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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: SoliRA who wrote (24821)	1/10/1998 11:40:00 PM
From: Jack Sman	Read Replies (2) \| Respond to of 41046

Someone was asking about Technical Analysis a couple of days back. I have already alerted everyone that I know 'nada'. But I finally did get Metastock back up and running so I'm going to post what some of the 'experts' are saying. As Raleigh and others have mentioned, BB stocks don't always lend themselves to accurate TA. So take what I post with a grain of salt (I do) and do NOT base any investment decisions on this data. I am posting it only because I find it interesting. ~ Jack ------------------------------------------ Profitunity Commentary of Franklin Telecom (FTEL) By Bill Williams, Ph.D. Previous Bar Current Bar Volume 10,431 1,989 MFI 21.27 65.96 The current bar on the Franklin Telecom chart is called a fake bar. This bar shows a decrease in volume but an increase in the MFI. This condition denotes that the market is moving more relative to the previous bar (the greater MFI), but the lack of volume is evidence that there is no new participation. The price action may be driven by just the traders in the pit and is not attracting new players from the outside. I have a hypothesis that the traders in the pit may be just strong enough to push the market to price levels where there are many stop orders resting in the hands of the brokers, hence faking out the off-floor traders. ------------------------------------ Kase Permissioning Screen by Cynthia Kase applied to Franklin Telecom (FTEL) 1/9/98 The Higher Time Frame Filter is now in a "Permission Long" mode. It has been in this mode for 3 days. ------------------------------ Equis - MACD Review of Franklin Telecom (FTEL) as of 1/9/98 Current Statistics Close: 5.250 Change: -0.937 MACD Value: 0.230 Signal Line: -0.006 The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences. Crossovers Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 8 period(s) ago. Since the MACD crossed its moving average, Franklin Telecom's price has increased 29.76% , and has ranged from a high of 7.750 to a low of 3.843. Overbought/Oversold The MACD is in an overbought range. Prices may continue to move higher for some time. Wait for prices to move lower before considering any short positions. Divergence There have been no divergence signals within the last 5 periods. ----------------------------------------- Equis - Statistical Analysis Review of Franklin Telecom (FTEL) as of 1/9/98 Open 6.1870 High 6.3120 Low 5.0000 Close 5.2500 Change -0.9370 (-15.14%) Volume Today: 198,900 shares. Statistical Table smoothed r-squared 0.193 Standard Error 0.679 Linear Regression Slope 0.069 Historical Volatility 1.299 The current slope of the close is positive moving higher indicating strength of the medium term uptrend. The standard error is 0.679 At this level there is somewhat greater than normal volatility around the current trend and traders are probably in mild disagreement , not allowing the security to trend. The price is probably not following the regression slope . --------------------------------------- Equis - Stochastic Oscillator Review of Franklin Telecom (FTEL) as of 1/9/98 Open 6.1870 High 6.3120 Low 5.0000 Close 5.2500 Change -0.9370 (-15.14%) Volume Today: 198,900 shares. Stochastic Oscillator(5,3): 61.308 Summary There were no Stochastic Buy or Sell signals generated today. The last signal was a Buy 13 Period(s) Ago. ------------------------------------------ Equis - Trend Analysis Review of Franklin Telecom (FTEL) as of 1/9/98 Open 6.1870 High 6.3120 Low 5.0000 Close 5.2500 Change -0.9370 (-15.14%) Volume Today: 198,900 shares. Aroon There were no Aroon signals generated today. The last signal was a Buy 20 period(s) ago. Directional Indicator There were no Directional Indicator signals generated today. (ERROR: Function did not return a value)(ERROR: Function did not return a value) MACD There were no MACD signals generated today. The last signal was a Buy 21 period(s) Ago. Stop and Reverse (SAR) There were no SAR signals generated today. The last signal was a Buy 4 period(s) Ago. Summary The current market condition for Franklin Telecom is: Very Bullish The close is currently Above it's 200 period moving average. The close is currently Above it's 90 period moving average. The close is currently Above it's 30 period moving average. There is additional confirmation from one or more Buy signals within the last 10 days. ------------------------------------------ MarketSpace Stock System by Gil Raff applied to Franklin Telecom (FTEL) 1/9/98 The MarketSpace Stock System is reporting that Franklin Telecom is currently in a buy mode. Franklin Telecom has been in a primary buy mode for 3 days. ------------------------------------- Rex Takasugi - TD Profile Analysis of Franklin Telecom (FTEL) as of 1/9/98 Franklin Telecom closed down -0.937 at 5.250. Volume was 2% below average (neutral) and Bollinger Bands were 4% wider than normal. Open High Low Close Volume___ 6.187 6.312 5.000 5.250 1,989 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 4.82 4.85 3.56 Volatility: 211 134 139 Volume: 2,547 1,433 1,222 Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon. Summary Franklin Telecom is currently 47.5% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into FTEL (bullish). Our trend forecasting oscillators are currently bullish on FTEL and have had this outlook for the last 8 periods. --------------------------------------- Tushar Chande - Chande Chart Checkup Franklin Telecom FTEL For 1/9/98 the closing price was 5.2500. Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 6.33. The projected lower bound is: 4.12. The projected closing price is: 5.22. Note: these price projections are for reference only, and can be easily exceeded by the market. ------------------------------------ The way I read all of this is that one of three situations will occur. 1). The price will go up. 2). The price will go down. 3). The price will stay the same. Harry ~ How's that for a 'complete thought'? gggg