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Technology Stocks : WCOM

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To: Larry J. who wrote (5614)1/10/2000 8:34:00 AM
From: cdtejuan  Read Replies (1) of 11568
 
Iïm no TA master either, but FWIW:

I think we are close above the 52 weeks support at $46.
So I believe that WCOM will have no problem holding this price level, while I see good chances it will rebound from to the former support (and now resistance of $55.

Stochastics are indicating an oversold level.

On the other side Iïm like others discouraged that WCOM had such a bad performance lately. My hope is, that WCOM will get out of this trading range debacle that it has been stuck in since last year and may break out to higher levels in the year 2k.....

Anyway, I believe that sellers of today bail on the bottom, so either you should hold your positions or, perhaps add some shares.

Best wishes,

Juan

helmet.clearstation.com
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