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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bruin who wrote (8298)5/8/1998 1:32:00 AM
From: Chris  Respond to of 42787
 
hi shuo,

invn looks good on weekly chart.. strong weekly buy..

however, it's having problems conquering the 200 day ema. i have it at 10.35

if you noticed today's action, the CLOSE WAS BELOW IT. the high was above it. a classic example of a failure.

i woudln't be surprsied to see 9.0 retest.

i would not initiate position until it clears 11.5 (yep, pretty high eh?)

or you can initiate position down lower, but just be very nimble.

Chris