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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (397)6/1/2001 7:12:56 AM
From: Vendit™  Read Replies (1) of 8752
 
Re: JDSU

I’m not sure which time frame you are trading but looking at a daily chart JDSU seems to be forming a short-term bottom. Next lower support is at $16.

askresearch.com

The candle, which formed yesterday, is seen many times as a reversal indicator.

The other indicators agree that a bottom is being formed but little momentum in either direction is present at this time. The stock is becoming over-sold.

JMO
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