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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: 1st.mate who wrote (873)	2/26/1999 8:38:00 AM
From: Ceedee	Read Replies (2) \| Respond to of 1996

There are many books on technical analysis,but in this case Yahoo is using a moving average of 50 & 200 days.A simple explanation for this would be that the daily average is above the 50 days which prove the stock being now bullish.But if the 50 days crosses the 200 on the upside,it gives a signal that it is definitely entering in a strong bullish phase.Many analysts are waiting for this breaking point to position themself in buying shares.Then you have support & resistance,and the resistance for now is at 0.20 now.You have also other kind of moving average,like 13 weeks.One thing is sure,the consolidation that lasted +- 6 months is over.