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Technology Stocks : Wolf speed

WOLF 19.47

-5.0%

Jan 21 3:59 PM EST

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To: pompsander who wrote (2510)	3/28/2000 6:59:00 PM
From: Saulamanca	Read Replies (1) of 10714

Pomp, A rising moving average should serve as support for price and and a falling moving average should serve as resistance for price. On 3/16 and 3/21 see how the rising 50 day moving average served as support and price responded by bouncing (note the long shadow on the candle), like a beach ball under water: 207.61.23.98 Today was less encouraging because price did not bounce as it closed right at the 50dma. There is support below at 140 and resistance at 180. 207.61.23.98 A 2 day close below the 50dma could suggest a trend reversal. --Jim

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