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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Steven Messina,L.M.T. who wrote (3203)1/6/1999 12:01:00 PM
From: Colin Cody  Read Replies (2) | Respond to of 4903
 
I think you are right! Technically the stock NEVER broke below the rolling average support line. We fell TO that line on Dec 30th and then stayed "ON" that line for the next THREE DAYS.

With today's gap-higher opening, I think we have established that the support line will not be broken. Next stop could be $65 to $85 a share.

Colin

PS, on another level, I like how the stock today is staying above $44. Every time we see selling and a drop of an 1/8th or a 1/4 below $44 it SNAPS right back up to $44 bid or better. I LIKE THAT!
I'd not be surprised to see a sharp 3 to 5 point rally within the next 24 hours, and *IF* we see that, BOY! $65 here we come!