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Technology Stocks : Ascend Communications (ASND)
ASND 210.50+0.5%Nov 21 9:30 AM EST
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To: Beachside Bill who wrote (20104)10/31/1997 12:58:00 AM
From: Andie Wei-Ku Lin  Read Replies (1) of 61433
 
I don't use the RSI or MFI indicators, so I can't
comment intelligibly on those. My own indicators
show a bullish divergence FORMING on a weekly chart.
The price and indicator pattern earlier this month
were similar to that in the latter half of April.
However, going back just 6-7 days ago, the indicators
were, in fact, showing an overbought condition, mainly
because Ascend did not move upwards at all during the
entire first half of this month. A sideways movement
on rising volume will cause my indicators to move toward
overbought...which is what we see in Ascend for Oct.

I am still pointing at ~40 by the end of November,
other factors aside...based on TA only.
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