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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Robert Bachynski who wrote (8702)	9/26/1998 10:51:00 PM
From: TechTrader42	Respond to of 12039

I really couldn't say. It's a decision you'll have to make. On the one hand, it could be argued that the stock is overbought in the short term, and it never hurts to take profits. On the other hand, who's to say it couldn't go higher? On Friday, the high bumped up against resistance at $14.8 (U.S.). Parabolic SAR hasn't given a sell signal yet, but a signal would have to be triggered by a down day, of course, and the question is whether you want to wait for a down day. CCI(13) is moving back down toward 200, but it hasn't crossed down through it yet. MACD hasn't given a sell signal yet. Nor has StochRSI(8,5). So wait for a down day and the sell signals, or try to anticipate the sell signals? I dunno. I do know that if it bumped up against $15.6 (U.S.) and failed to close above it, I'd sell. But as for now, I'd be undecided. Some good I am, huh? Brooke