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| 3/12/99 CANTV (VNT)
Points to watch: VNT has been forming a bottom
since its lows last September. Support has been forming at 15 since October. A
short term double bottom formed in January-February, and RSI formed a corresponding double
bottom at 45 during January-February. The stock has broken above the peak formed
between the January- February lows, and has moved above both its 21 day (16.19) and 55 day
(16.64) moving averages. There is Gann resistance at 18.63, and the 200 day moving
average at 19.27 provides additional resistance. Wait for the stock to successfully
break above 19.27 before buying.
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