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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Sylvester who wrote (1178)6/25/1998 7:59:00 PM
From: sandbag  Respond to of 4140
 
Sylvester [chat]

Since all the regulars are off doing their TA, DD and all the other good stuff that makes this thread so good, please allow me to respond with a Hello back to you.

Personnally, I am happy with the way that SNRS held up to the action today, although it was under water for most of it. A good stance at this level will go a long way IMO.

Regards
Sandbag



To: Sylvester who wrote (1178)6/25/1998 11:41:00 PM
From: Loren  Respond to of 4140
 
To All -

Keep in mind, I use weekly data, so my charts move very slowly compared to daily charts... so you really only need to look at them once, MAYBE twice per week.

Will post my TA look every time there's something worthwhile to say... thanks!

Loren



To: Sylvester who wrote (1178)6/26/1998 1:10:00 AM
From: HeyRainier  Read Replies (1) | Respond to of 4140
 
Hello Sylvester,

Sometimes there are days when there is no significant technical comment to be made; the chart needs time to develop. Until then, the prior comments I made stand.

The only thing I will comment on right now is that today's low, which held, was exactly at the trend line support. The indecisiveness of the chart to make a significant move is only adding to the suspense for the next few trading days.

I take back my first sentence; maybe I do have some comments:

Failure below this level will be met with some possible support at $7.00. Failing that, $6.00 will become a significantly higher possibility. The chart's technical strength is continuing to deteriorate since the multiple Doji days we recently had.

Deterioration to this extent is cause for more significant caution. Today's miniscule upward move did little to allay my concerns with regard to the near term technical strength of SNRS. It looks like it needs a good dose of positive external (or internal) developments--and soon.

Regards,

Rainier