QUANTUM Message Board - Msg: 2648626

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Technology Stocks : QUANTUM

QNTM 7.010

-5.9%

Jan 2 3:59 PM EST

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To: UpwardBound who wrote (4504)	11/5/1997 7:50:00 PM
From: John Veltheer	Read Replies (1) of 9124

QNTM technical report: Looks pretty good (but then again I am a QNTM bull and want it to be good!) QNTM is running into serious resistance at $35 presumably due the number of people selling at the 50 day exp. moving average which is $35. Twice before QNTM has used this line as support - Sept 8th at $33 and Oct 1st at $36. On post-crash Tuesday QNTM clearly supported at $27.50 (the 200d MA). The MACD looks good and is moving to positive with a clear convergence then divergence pattern fleshing out soon. The RSI has plenty of head room as well. If the 50d can get taken out then $38 is the next obvious resistance (high of Sept 20th, lows of Oct 10th and 17th). Comments????????????? JEV, waiting on those Nov 32.5 calls

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