Forum Archive Index - November 2002

[Phaedrus <Phaedrus@techemail.com>]

 CLH is in a long-term downtrend, a medium-term downtrend, and a short-term 
uptrend. For nearly 8 months this stock has been in a trading range, with 
support at $3.00 and resistance at $3.70. A breakout above $3.70 would begin a 
new long-term uptrend. A fall below $2.95 would be a continuation of the 
current downtrend.

 There are several logical buy points for this stock. 
(1) On a break above the current medium-term trendline (Magenta)
(2) On a break above the accelerated long-term trendline (Dotted Red line)
(3) On a break above the previous resistance at $3.70.

 In view of the possibility of the downtrend continuing, it would be prudent to 
protect any buy with a stop-loss.  A logical position for this would be just 
under the 2 year low of $2.96.

                     Phaedrus.


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