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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: paul feldman who wrote (12101)	10/21/1998 11:01:00 AM
From: johnlea	Read Replies (4) \| Respond to of 14631

this is going to be an interesting time for ifmx. on a technical analysis basis, there are three factors making it difficult for ifmx to go up. - $5.5 is a major resistance level. - $5.5 is the current upper end of the downward channel started in april of this year. - $5.5 is near the top of the 50 day moving average bollinger bands (don't ask what these are if you don't know). however, having said that, if ifmx breaks up to $6 and can hold above this level, then 8 and 10 are the next major resistance levels with 10 being a reinforced concrete wall.