SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Wind River Systems - Technical Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: contax who wrote (284)11/2/1999 3:22:00 AM
From: contax  Read Replies (1) of 431
 
The following is the Point and Figure Chart Of WINd after today's price action:

30 ---------------------------------------------------------------------------30 -
29 29
28 * 28
27 * 27
26 * 26
25 -------* ------------------------------------------------------------------25 -
24 * Top24
23 * * 23
22 X * * X 22
21 X O X * X B 21
20 ---------X --X O X O * ----------------------X --X ------X O X ------------20 -
19.5 X O X O X O X * X X O X O A X O X 19.5
19.0 --------X O X O X 6 X O * --* ----------X O X O X O X O X O X ------------19.0
18.5 X O O O X O X * X * X O X O X O X O X O X Med18.5
18.0 --------X --------O X O X O X O * ------X O X O X O --O --O X ------------18.0
17.5 X O X O X O 7 O X * X O X O X * O 17.5
17.0 --------X --------O --O --O X O X O * --9 O --O ------* ------------------17.0
16.5 X O X O X O * X * 16.5
16.0 --------X ----------------O --O X O 8 --X --------* ----------------------16.0
15.5 X X X O X O X O X * 15.5
15.0 X O X O X --------------------O X O X O X ----* --------------------------15.0
14.5 X O X O X O X O O X * 14.5
14.0 X O X 5 ----------------------O ------O X * ------------------------------14.0
13.5 X O X O * Bot13.5
13.0 X O X --------------------------------* ----------------------------------13.0
12.5 X O X 12.5
12.0 X O ----------------------------------------------------------------------12.0
11.5 11.5
11.0

As can be seen, WINd went past the $21 mark which it had reached a few days ago. The next
resistance in WINd's march upward is the highs reached back in May at around the @22.50
dollar mark.

Back on the 24th. and the 25th. of May, WINd reached a high of $22.75 on a two day cumulative
volume of over 3 million shares. Before WINd can go any higher, it needs to chip away what
I consider a substantial overhead resistance. In the absence of any bullish news which
could propel it past that resistance in no time, imho, I believe it will need a few days before
it can gallop past this overhead supply and go on to higher grounds.

At this point a slight pull back will be perfectly normal. Printing 23 on this chart on an
intra day basis and then a retreat, will be ideal...

As I had mentioned earlier, coming out of a "Cup and handle" and a "flag" formation(s)
usually portends an explosive move in the price action of a stock.

I believe WINd is setting us up for just such a move...

Karim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News