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| From: | Phaedrus <Phaedrus@techemail.com> |
| Date: | Wed, 29 Aug 2001 18:41:23 -0700 (PDT) |
Mat,
CEN is currently in a short and medium-term uptrend. Technically, buying
at current levels would be considered a high risk proposition. This is because
the Stochastic Oscillator (shown in the upper plot) is greater than 80 and is
thus in the OverBought zone. Low risk entry points are when the Stochastic
Oscillator is in the OverSold zone (less than 20), and has just climbed above
its moving average trigger line (red). The two buy points on this plot meeting
these criteria are marked with green arrows.
Right now, CEN is a Hold, not a Buy. Short-term traders would be getting
ready to sell.
Regards,
Phaedrus.
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