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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?


To: andrew peterson who wrote (1102)1/30/1998 3:42:00 PM
From: Raffica  Read Replies (1) | Respond to of 11417
 
From what I've tried to teach myself by observing others making technical analysis, a triple bounce is considered a bullish sign. Usually though the bounces do not occur in single day. I'm also keeping track of the RSI indicator at the CBS Marketwatch web site (go to technical charting option and type in wavx-bb). If it surpasses 60 on a positive slope, then the stock price should make regular advances. An RSI of 80 or greater is extremely bullish on share price.