Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 197.59

-0.8%

Nov 7 9:30 AM EST

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To: john Kurisko who wrote (33348)	2/4/1998 8:07:00 PM
From: Jorj X Mckie	Read Replies (2) of 61433

Hi John, ASND has significant resistance at 32, 33 and 35. Unless something very significant happens, I wouldn't expect this to be a quick trade for profits opportunity. At 35, ASND would break through bearish resistance (a good thing) and at 36, it would break a triple top. On a technical basis, personally I wouldn't enter ASND until it hit 36. Go back to my post from Jan 20th. All that I said there is still true, plus there is the new resistance at 32. Message 3214762 This is not to say that the stock will not go up from here, just that technically it has some obstacles. Good luck, Tom

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