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Re: TheProphet post# 159940

Friday, 10/10/2003 3:11:18 PM

Friday, October 10, 2003 3:11:18 PM

Post# of 704047
Prophet
I'll give you my 2 cents on EYE fwiw...
the chart looks very constructive, currently in the process of a triangle formation on the P&F chart - bull triangle breakout would be at 22, short term support should be in the 19 range. If I were going to buy it as a swing play I would buy it in the low 19's, offering a nice stop out point around 18.5 or at 22 on the breakout - sometimes these bull triangle breakouts can be very explosive. If the market were to pullback sharply, EYE could pull all the way back to 15.5 - 17 range and still maintain its uptrend. All in all the chart looks strong. Fundamentally, I prefer stocks with very low psr's and this one obviously doesn't qualify but as a swing trader it looks real good and I may trade it in future, thanks
http://stockcharts.com/gallery?eye

Regards
Kahlua

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