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

To: MrBuzz who wrote (5541)	2/13/1998 10:31:00 PM
From: MrBuzz	Respond to of 7685

Technical chart analysis Thursdays 25% decline is still inline with its 9-month moving average. I think that the gap can be filled sometime next week. Taking the downtrend line from the top of 1996 to the 1997 top to Thursdays top, you can see the trend. However, realize the strong support at $2 forming a descending triangle. As Syquest continues, the stock gets closer to the apex, Syquest could go either way. The heavy volume, signs of accumulation since the beginning of the year, and an MA that has flattened out, Syquest is drawing closer and closer to the day of reckon. The stock has a chance of blasting off if earnings start to improve and the newer products enter the market. Anyone think that the recent gap can get filled next week?