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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: VANTAGE who wrote (2965)	8/4/1998 11:31:00 PM
From: mystifier44	Respond to of 15313

For some reason I can't access the FNTN website for some fundamental info. so I thought I'd take a look at the technical picture which I prefer anyway. Overall FNTN has a very bullish chart. 1) A look at the volume chart shows that FNTN held up remarkably well during the "pump and dump" phase. A good sign of underlying strength by the longs unwilling to let go of a good thing. Very much unlike other stocks that had a good story(ie: PNLK, CYGS) See below: tscn.com (Comparison of FNTN to PNLK, CYGS) tscn.com 2) MACD, which is one of the strongest indicators is very bullish. The height of the histogram is important, because it reflects the enthusiasm of the market. The greater the enthusiasm, the greater the amplitude of the histogram. When the MACD histogram shrinks and flattens out (i.e., runs parallel to the zero line), the trend is running out of steam, and a reversal is imminent. tscn.com 3) Momentum continues to rise. When the momentum indicator rises to a new peak it shows that the enthusiasm of the market crowd is growing and prices are likely to rally higher. tscn.com 4)OBV (On Balance Volume) is trending upwards with price. This is a strong confirmation of the uptrend. A break in the trend of OBV usually preceeds a reversal of trend in price. tscn.com That was the good, now for the.... less than good. 5) The stochastic indicator is showing oversold. However this chart uses a 16 period stochastic which is smoothed by an 11 period moving average. This stochastic chart can remain in oversold for weeks or months in a strong uptrend. I personally use an 8 period stochastic histogram with 5 and 3 period moving averages for stocks of this nature. (You can input my numbers or your own in the boxes provided under the chart and it will tell you the return you would have had for using those numbers....try it!) tscn.com 6) The only other thing that bothers me technically is the distance of price from the 13 day exponential moving average. Presently it is about 26% from the line. Usually this is unsustainable. I'm thinking price may trend sideways a bit until price is no more than 10 - 15% from the 13 day EMA line. (On the following chart the default is a 30 day simple moving average, you will have to manually input 13 and click the exponential dot if you desire to do so). tscn.com Right now support is obvious at $1.50 and there is no clear sign of resistance other than the near term $2.00 mark. I think if it clears $2.00 the next stop will be $4.50 (although not the next day of course!) tscn.com Anyway you slice it, at this point in time FNTN is a winner! MYST