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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Robert who wrote (2881)5/17/1998 10:52:00 PM
From: P.E. Allen  Respond to of 25711
 
You have the information as presented.

Here is what I see in AWLT:

1= no current earnings
2= OBV is a positive indication given the resent profit taking over the
last todays after the stock reach .20.
3=MACD is also showing the stock will move up sharply on any increase in new volume.

4= RSI is approaching 80, which is another positive.

5= The only unfavorable I see is that the stock went above the upper limit, and corrected below it. Generally when this happens the sell off
will continue until it reaches the lower band limit, given the fact that
there is no news, earnings, etc to cause the volume to increase.

I would buy the stock after a further pull back.