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No, I'm not touting the stock. (Note the absence of exclamation
marks, as in "Wow CVSN!!!!".) I'm not stupid enough to think you
could move a stock by recommending it on a list server.
Average volume is 200k shares. I doubt that invalidates trendline
analysis. CVSN is showing a strong trend, and the flag pattern
indicates it is ready to pop again. I just want to know if anyone
agrees or disagrees and why.
On Mon, 20 Sep 1999 15:49:45 -0700, "Glen Wallace"
<gcwallace@xxxxxxxx> wrote:
>
>Assuming you're not blatantly promoting this stock and want true feedback,
>what's the average daily volume on this stock (excluding the late-July
>bump)? I can't tell from your scale, but it looks too thin to be able to
>rely on traditional TA signals.
>
>
>----- Original Message -----
>From: Guy Gordon <gordon@xxxxxxxxxxxxxxx>
>To: <metastock@xxxxxxxxxxxxx>
>Sent: September 17, 1999 16:19
>Subject: Nice flag formation in CVSN
>
>> Chromavision Medical Systems (CVSN) makes cellular imaging
>> diagnostics. On 7/29 CVSN go FDA approval for their cancer detection
>> technology http://biz.yahoo.com/bw/990729/ca_chromav_1.html , leading
>> to a strong jump in volume.
>>
>> The stock chart from Oct '98 thru the present shows a very nice
>> trendline support. From 7/29/99 thru present there is a resistance
>> line forming a triangle (flag) with the long-term support line.
>>
>> I've already bought some, and am thinking of buying more. I'd like
>> other's opinions on my chart. Bullish or not? (You'll note I've got
>> a stop price set just bellow the support line.)
>>
>> http://www.white-crane.com/stocks/cvsn.gif
>
>
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