Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.29

-0.1%

3:59 PM EST

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To: Jeffery E. Forrest who wrote (9634)	8/24/1997 8:02:00 PM
From: Tony Wang	of 61433

I like your position on asnd and coms. I am long both. I think the 51-52 area is good support. Also the 100 day chart shows an up move from 24 to 50-60 and basically consolidating at the higher band of trading. That is usually very bullish. A break of 61 would take us to new ranges. As far as ASND is concerned, I think we did an ABC correction from 56 3/8 to 43 1/2, and it now has given us its future direction by trading to 48 15/16 before correcting to 45 3/4. It should go to 53 1/2 real soon.

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