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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?


To: Grantcw who wrote (1270)6/30/1998 8:50:00 PM
From: HeyRainier  Respond to of 1720
 
[ CUBE ]

Grant,

CUBE has two Inverse Hammer-like candlesticks right at the trend line. Short term momentum seems to be flattening, but the price is still above some key short term moving averages.

Despite the short term picture, the price could reach the mid $21 range, which is right at a key trend line resistance point for the charts, and is also a price that would seem to be justified by the future projected growth rate.

Currently though, the larger trend makes this issue unattractive. It needs more time, I think.

Regards,

Rainier