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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Tim J. Flick who wrote (17598)	5/25/1998 10:02:00 PM
From: Jibacoa	Read Replies (1) \| Respond to of 31646

The stock remains on a strong long term uptrend. At the 9.69 close on 5/22 the stock is at the 10 week average which is also the upper border of an envelope of 30 width and 15 of price The 10 week average remains well above of the 25 week average now at 7.50 and both well above the 50 week average around 4.20. Even if the price dips to the 25 weeks average ( which I don't expect), it will preserve the long term uptrend coming from the 1.44 level of last June. On a short term basis the stock made a triple top in March, April & May when it was unable to close above the 14.88 level, and it made me sell half my position. Unless it makes a short term V bottom it would have to consolidate a little longer before testing the resistance at 12.50 level. That is IMHO