Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 5.720

+2.7%

3:59 PM EST

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To: charlie mcgeehan who wrote (19564)	7/20/2000 12:24:23 PM
From: Galirayo	Read Replies (2) of 21342

[ TA Stuff ] Charlie .. Thanks .. for clarifying. .. I'm looking at ... 26.33 .... A matching number in 2 time frames ... a 9 month and a 1 year median line in a Linear Regression Channel [LRC] as resistance. My original target of 26 was based on both of these lines in the LRC. Currently both of them are upward trending and at 26.33. Then the 28.43 area as slight resistance. I'm more concerned with the 26.33 - 26.50 area. But I think we'll get thru it this time after the last test on 7/17. This is where I think it may Base if it's going to base. Just give us a nice Hammer or Bozu today for a solid reversal. Not the current Doji. The 31.00 target was based on 2/28 and 4/07 candle bodys which places WSTL in the middle of the Upper Channel. Top of the Channel is 36.86. It's not uncommon for a stock to shoot thru the Top of the Channel. Enjoy!! Ray

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