Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: uu who wrote (30799)	1/16/1998 3:13:00 PM
From: vegetarian	Read Replies (1) of 61433

SPNSF has formed a bearish chart, a descending triangle with support at 6.75-7. The support at 6.75 is strong and needs to hold. If it breaks that support, has 2-3 points downside and I would exit if I were in on break of the support. I would not buy it now in any case based on charts alone. To break the bearish pattern it needs to close above 8 1/4. SO long as it keeps making the next high less than 8 1/4, it remains in the nearish pattern. Unless there is a bad news, I think it should hold the support. Have no idea about fundamentals or what company does, which is what I primarily use for buy side decisions. Hope it helps.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next