AUTOHOME, Inc Message Board

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Technology Stocks : AUTOHOME, Inc

ATHM 20.73

-1.0%

Feb 4 3:59 PM EST

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To: MIKE REDDERT who wrote (17075)	11/17/1999 5:51:00 PM
From: Steven Ivanyi	Read Replies (1) of 29970

<<The 46 5/8 area is the declining tops line with the greatest resistance, as it has failed there several times.>> I agree with you that this area has a lot of resistance, but reviewing my charts I still feel that the 50 mark is a milestone resistance level because firstly, it could be a potential double top which makes traders nervous about buying and secondly, 50 was a major area of support in previous year, so consequently, it is now a major resistance level. The 46 5/8 level is significant but it going to be easier to push through this area than the 50 mark. That is if the stock does do it at all. Regards Steven

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