TEXMACO

TEXMACO - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: NONE


The long term charts are good and volumes are good. So if you have it hold it. In the immediate term though, the stock's has lost some momentum. It is at a critical point. If it holds above 160 with strong volumes and for 7-14 days, that wil form the base for a very strong uptrend. But if it collapses below 160 on low volumes and holds below that for 10-15 trading sessions, it could start its drift back to 120
 
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