Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.29

0.0%

Jan 2 9:30 AM EST

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To: Saif Saifee who wrote (9626)	8/23/1997 5:33:00 PM
From: Jeffery E. Forrest	of 61433

Stock is bouncing from lower bollinger band I a can measure 15 points move up What time period are you using on the B-bands? (I use 12 and 15 day periods) I'm showing that it hit the lower band on the 8-K day and the day after that. That was accompanied by an RSI reversal which of course signaled a STRONG buy (I did.<G>) As of FRI. the same indicators are showing a continuation of an upward trend. Does that jive with what you're seeing? Resistance at 51, 56.5 and 60. 51 is fairly weak. 56.5 a little stronger and then it will most likely test and bounce off 60 a time or two. 60 is where I'm looking to take profits.

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