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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Dug who wrote (15328)2/28/1999 6:46:00 PM
From: Trey McAtee  Read Replies (2) | Respond to of 21342
 
dug--

thanks for analysis. i think i understand that it means a turnaround is in place, though the direction isnt clear yet. correct? at least thats the read i got from the chart.

well, if the technicals are any indication i think we are going higher, though i would like to see volume and DMI confirmation.

pied is the one who uses DMI, and from watching it i am going to start as well. its a terrific indicator.

good luck to all,
trey



To: Dug who wrote (15328)2/28/1999 10:07:00 PM
From: P314159d  Read Replies (2) | Respond to of 21342
 
Another near possibility is the dragon-fly doji star, where there is no upper shadow. WSTL came close to this bullish trend indicator.

Or the abandoned baby ( a 3day pattern which needs Monday confirmation), but we didn't gap below Thurs day close. Either way
a white body, gap up is necessary for the confirmation.

Good luck with that since the volume still sucks, not increasing on the way up.

Happy trading!


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