Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 87.20

-3.3%

Nov 20 3:59 PM EST

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To: E. Graphs who wrote (23622)	6/25/1999 12:20:00 PM
From: JH	Read Replies (1) of 93625

<RMBS has some very good support at these numbers as well as an uptrendline going back to April> The support line drawn from the April bottom through the early June bottoms show primary support TODAY to be around $78. Taking this support line and drawing a parallel line through the peak in mid-May and the peak a week ago results in a upward-sloping channel. Cutting this channel into two zones (50% each) results in mid-line SUPPORT at around $91. In other words, we've gone from the top of the channel to the 50% line in three days. If RMBS closes below $90 today, there is a good chance that support at the bottom of the channel ($78-ish) will be tested.

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