Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.17

-6.4%

3:59 PM EST

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To: Dave Heibeck who wrote (12537)	11/26/1999 11:06:00 AM
From: Carl R.	Read Replies (1) of 17679

The gap is closed now. Once you get through a resistance point it forms support. Thus on the way up, there was resistance at 3 7/8-3 15/16, so there is now good support there. If we get through 4 3/4, it will then provide resistance. Some people use all sorts of scientific methods to compute resistance points, whereas I just eyeball the chart. If the stock trades in a range for awhile, it becomes a resistance point. Carl

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