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 : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Tulvio Durand who wrote (227)	1/30/1998 5:02:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Hi Tulvio, CYMI is still well below its bearish resistance line (currently sitting at 22) and you know that means risky business. It looks as if it has a lot of movement between 14.5 and 17.5. There is a spread quadruple top at 17.5 that would take a move to 18 to break. I would wait for this signal before considering a position. The relative strength is very weak and the last signal was a sell signal however, the daily and weekly momentums are positive. I'd wait for some indication that it can break through resistance. It would, at that point, be considered a bottom fish play. Stop of 14, a quadruple bottom break. It is in a great sector, Electronics in bull alert. Best of luck, Jan