Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: wanmore who wrote (28993)	5/2/1999 7:20:00 PM
From: milesofstyles	Read Replies (1) \| Respond to of 79396

i'll take a stab at this one... the volume is positive of the breakout, short term technicals are gonna bang resistance in the next day or two on some and require resets on others. the last attempt at a run by the stock was stopped in its tracks by the 200 day mov avg. that value is around 4.75, that would be the first place i would watch, a break of this area would probably coincide with the short term resistance picture.should it get thru there it has one more down trending resistance in the low to mid 6s depending upon how soon it should get there from here. it's gonna require sustainable volume to achieve this and that should be monitored as well. as the downside, i would protect the position at 4, that seems to be a significant level for the stock of late, further below support should appear in the 3.68 area should you decide to hold to that point. milesov