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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: freelyhovering who wrote (12703)2/25/1998 8:33:00 AM
From: TATRADER  Respond to of 79270
 
Myron, MXGI is in a double bottom pattern with neckline at 11.25...Look back a few days and you will see that it tore through the neckline on good volume..Big money entered in the 10.25-11.37 area...
Two days above support now confirms break..ADX is increasing...I project initial move to 13.00...Stock closed outside outer Bollinger Band at 11.56....Mark

P.S. Please keep gas on volume though...There is a bearish divergence with the volume oscillator...