White light from LED Message Board

STOCKTALK

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 : White light from LED

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Will Lyons who wrote (264)	5/7/2000 6:25:00 PM
From: kinkblot	Read Replies (1) of 565

UTCI has been in an ascending triangle since the 18th. This can be interpreted as consolidation following the Sterling news and diminishing conviction on the part of sellers. The top side is at $22. Also, Bollinger Bands have begun to narrow, which often presages a sharp move one way or the other and increased volatility. If it breaks out of the triangle to the upside, and chances are (> 50%) that it will, then the minumum short-term target is the upper band at about $25-5/8. If I were a real technical analyst I'd predict the downside case as well, but I'll go with your broker friend. "Pop" has gotta mean to the upside! WT

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next