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Technology Stocks : Wolf speed
WOLF 19.20-1.4%Jan 22 3:59 PM EST
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To: unclewest who wrote (4152)11/1/2000 10:51:02 AM
From: Yogizuna  Read Replies (1) of 10714
 
It is interesting that falling trend-line and 27DMA resistance coincided with overbought conditions on the hourly chart, so it is no coincidence that we are pulling back a bit now..... Using these basics of technical analysis can sometimes be very fruitful for telling one when to take profits, but if you all want real time service, hand over the dough! (and I don't mean carbohydrates) <grin> The weekly chart is still constructive here in my opinion, so buying on the significant dips remains the best long term strategy for now. Yogi
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