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Microcap & Penny Stocks : The New Osprey Energy Limited -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (59)	3/9/1999 8:59:00 AM
From: chevalier	Read Replies (2) \| Respond to of 183

Here is the full TA picture on DGTL: First and most importantly if one draws a downward sloping trend line from the November 17th to the Jan 8th high you can see that we clearly pushed broke through this negative line when the price went through $1 roughly. The stock price is currently trading at a resistance level, the next level should be at $1.50(not a problem however) and then $1.75 followed by major resistance at $2.25. Now for the indicators: 1)MACD: made a positive divergence with price as it has been sloping upwards since its late December bottom. As well a clear buy signal was given on March 4th. 2) The fast moving stochastics are in overbought territory and the faster line appears ready to turn downward. No sell signal has been given yet though 3) Slow moving stochastics are still in buy mode but are in overbought range over 75 4) The relative strength index is at 73 indicating an overbought stock, but not grossly so. Many BB stocks reach RSI's well into the 90's before the price corrects. The overall pattern of the RSI is bullish as it made a positive divergence with price from its early December low until present. Just a note that these technicals are for the short term investor. If one is taking a long term picture with this company then what is important to look at is that the downwards trendline has been broken on very large volume signalling a new bull market. Hope this helps, Ari