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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Cary C who wrote (1488)3/6/1998 10:01:00 AM
From: wizzards wine  Read Replies (1) | Respond to of 29382
 
Hi Cary, See you up on PTEN and your right the FA is good but take a look at the P&F chart below:

20 O
19.5 O
19 O
18.5 O
18 O
17.5 O
17 O
16.5 O
16 O
15.5 O
15 O
14.5 O
14 O X
13.5 O X O
13 O X O X
12.5 O X O X O
12 O X O X O
11.5 O X O X O 3
11 O X 2 O X
10.5 O O X
10 O X
9.5 O X
9 O
8.5

As you can see the momentum and trend is still negative and support line is up at 17.5.. Really need to watch this one, it has resistance at 12.5, 13, 13.5, 14, 14.5, and 15. If the sector starts to rip she'll pass these, but trends are tough to break.

Hope this helped.
Preston


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