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10/23/98 TV Azteca (TZA) Points to watch: Stock is breaking out to upside. Thursday's close broke above Gann resistance at 6.5 and the 55 day moving average at 6.93. Daily ADX has fallen below 40 confirming an end to the stock's 6 month long decline. Daily MACD and weekly RSI have turned up. Daily RSI and daily stochastics are in uptrends. Fibonacci resistance exists at 8.25. Buy at close above 8.25, placing a stop near support at 6.5. |
