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To: Sergio H who wrote (2105)2/1/1998 1:17:00 PM
From: lazar921  Read Replies (3) | Respond to of 2377
 
NANO...also some good news on 1/30 ..check it out...the semis are coming back into favor also (witness the recent action of TXN) I'm not carzy about the real low vol on this one, but technically speaking fri 1/30 was a good day as well.
a few indicators from fri:
Candles (leading).An egulfing bullish line occurred ( a white candle body completely covering the previous black body, signifying a trend reversal.
RSI divergence (very significant): The RSI is rising and has just reached a new high (on both 9 day and 14 day) while the price has not.Classic BULLISH divergence.
MACD (9 day). signaled 11 days ago....the price is lower now...so it's an even better buy.
I have drawn a line at supprt prior to the support it has found here at 8-8 1/2. That support level is 9 1/2 which it could see soon if in fact the downtrend is over (which all indicators say is the case).
Of course, this could easily be exceeded if it is noticed. but a pt or pt and 1/2 seems near term. I am very short term oriented and would take that. Longer term it looks good as well. If it breaks that prior suppt at 9 1/2 it should move higher w ease. Also first call has had an upward revision in the last 30 days on it and gives it a ranking of 1.5.
looks good to me short AND long term
jeff