Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (8310)	4/21/1998 1:36:00 PM
From: TechTrader42	Respond to of 12039

Hi, L3: So far, COO isn't defying TA. It's in a downtrend, and you can see the direction of the trend using a trendline. You could use Gann retracement or Fibonacci lines to find the next levels of support, or just insert horizontal lines based on previous levels of support and resistance. You have to decide how much you're willing to risk waiting for it to bounce. Support levels are good points for setting stops. COO is falling through support. Indicators such as RSI, Stochastics, StochRSI, MACD, CCI, etc., may be low and may give the impression that the stock is oversold, but you have to wait for the indicators to turn back up before looking for buying opportunities. I don't think TA failed to show what was going on with COO. It isn't cooing. Brooke