Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: vegetarian who wrote (7637)	7/29/1997 4:34:00 PM
From: vegetarian	of 61433

Technical read on ASND chart: The chart has formed a symmetrical triangle (which is a consolidation pattern). The upper line of the triangle slopes down from the high of Mid Jan 97; the bottom line of the symm triangle slopes up from the lows at the end of April 97. Todays price action may mean that we will not touch the lower line since the price did not come down that much and it could a percussor to a breakout of the symmetrical triangle. The breakout could be helped if a high trading volume is sustained. Comments from others welcome.

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