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Technology Stocks : Novadigm - Opinions and Knowledge Welcome... -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (72)	10/28/1998 10:28:00 PM
From: Jibacoa	Read Replies (1) \| Respond to of 135

UPWARD LOOKING CHART: My posting on May 13th was obviously too early.The price stalled at the upper edge of the band (envelope 30width, 15 of price)on 5/14 & 5/15 at $4.30 I bought more on September 9th after the double bottom at $3 The stock is now on a frank uptrend. Today's volume of 165,700 (although not as high as 271,300 of 4/23/98 or the 205,100 of 7/13/98 or the most recent 211,00 on 10/16)it has brought the price to a 52wks high. Note that all the heavier volume since April has been on the upside. The balance of power and moneyStream have been positive since April and accelerating (more steep upward angle) since the first week of September. We are just at a stone throw from last year's high of 7.44 on 9/8/97. The price is now way over the 10 day average line (at 5) the upper edge band (at 4.77 ) the 25 day average (at 4.40) and the 50 day average (at 4) On the long term chart, the long downtrend coming from the January 96 high at 28 has now been broken and the price is over the 50 wks avg line ( at 4.25) I would like to see the 25 wks avg and 10 wks avg to get above the 50 wks avg., for more full confirmation of the long term uptrend. My near term target is at the 8.5 to 10 level. This is IMHO. Any other opinions? Good luck to all