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Technology Stocks : Ampex Corp: Digital Storage
AMPX 9.475+2.5%Jan 9 9:30 AM EST
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To: jonggua who wrote (1517)1/29/1997 9:17:00 PM
From: stan s.   of 3256
 
TA, A few hopeful signs. Let me caution that the charts are still more bearish than bullish, however.......The Stochastic and CCI are both in the oversold camp. The RSI is also oversold. This is usually indicative of a bottom or close to it.
The last time the RSI was this low (oversold) was 7/15/96 when it closed at 5 3/4.
Four days later it hit 7 7/8 and closed at 7 1/4. A pretty good percentage rise.

Hang in there!
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