Forum Archive Index - August 2001
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[sharechat] OWN Chart
Peter,
Owens has been in a long-term downtrend for over 4 years. Todays latest
price (midday) is 95 cents. So long as the Close is somewhere near this figure,
this would constitute a definitive trendline break, signalling the end of this
long downtrend. To establish a new uptrend, the Close would have to be 96 cents
or higher, to make a higher high (than the 95c of 8/6/01) after a higher Low
(10/8/01) You must have been watching this stock very closely!
Note the significance of the +/- 95 cent level. This has been an important
Support/Resistance level on many occasions in the past.
Regards,
Phaedrus.
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