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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?


To: Secret_Agent_Man who wrote (10474)6/2/1998 2:46:00 PM
From: ChartMan  Read Replies (1) | Respond to of 50264
 
Commander, Chartman here. Need a little push to hit $6.75. Hate to let you down ya know. -chartman out. damn. dropped the crystal ball again....

To: +sandstuff (10007 )
From: +ChartMan Monday, Jun 1 1998 12:09PM ET
Reply # of 10479

Chartman here. Okay you TA fans out there, it looks like this:
We are trading below the 20 day Moving Average (MA) of 6.75
If you have access to a 50 day chart of DGIV, you'll see that DGIV typically returns to the 20 MA. Look at what happened on 5/21. We hit an intra-dy low of 5.50 and closed @ 6.125.
3 days later, DGIV closed right at the 20 day MA of 7.
For what it worth, I think we will repeat that price movement back to the 20 day MA. The volume has been relatively light, and DGIV did not decline over several trading days. It just look a beating on the 29th. That's it. I also think the action in ICVI and INFE has distracted some investors, but the fundamentals are still in tact. There is obvious support here at these levels so the downside risk seems minimal. There's my 2 centz.