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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside. -- Ignore unavailable to you. Want to Upgrade?


To: Philip R Berber who wrote (519)2/11/1998 10:39:00 AM
From: Rick Smith  Read Replies (1) | Respond to of 802
 
Volume yesterday was very high.
Higher in fact than I've seen it since mid September. Price seems to be holding steady at 3/share. My bollinger band technical indicators will be fairly useless until we get back to around 5 again, although I'll post if I see something.
One interesting note: Using the point and figure charts, FSCX turned around yesterday and is now back in a column of X's, which is very positive. It appears to be ready to break out above 3 1/2 which will be a double top break out. The next move would then count up to 5 1/2. This is a remarkable chart if you are interested in such things. The recommendation using this form of technical analysis would be to try to buy on pull backs to the 2 3/4 area with a stop at 2 1/4, a double bottom break.
Good Luck. Rick..