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Re: FinancialAdvisor post# 8299

Friday, 06/03/2005 3:59:24 AM

Friday, June 03, 2005 3:59:24 AM

Post# of 25966
*GTE - An old favorite by the OTC BB penny stock bunch when it was listed as GTEL, recently listed on the AMEX with a 1 for 15 split, let's see if it breaks a key level of support here which is clearly denoted on the chart, below $3.30, and it looks like $3-$3.05 is next, should $3 go, I think it's safe to say that GTE will go into a full-scale downward spiral as the next solid support doesn't exist until $2-$2.15!

Watch RSI(14) at the 50 level on the weekly chart... I speculate that it will soon break and a downward spiral will commence, a test of the $2-$2.15 level looks almost inevitable... also note on the daily chart that the 50 and 10 day moving averages are now arched downwards signifying a potential downsurge ready to commence...










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