Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Inga who wrote (31654)	2/11/1998 5:11:00 AM
From: Inga	Read Replies (2) of 61433

From a pure TA perspective, a vertical price move occurred on 02/05 accompanied by large volume (13 MM). ASND chart then forms a typical (rectangular) flag in the next 3 trading days (02/06,09,10). This is extremely BULLISH. If TA works in this case, there should be another vertical price move, possible gap-up, occurring with heavy volume soon (maybe within a few days when breaking 35 on the upside). From 1997 historical data, ASND seems to move 15-20 points within 2 months on average. Bottom price range of 25-30 occurred in December-January so hopefully the price target of 40-45 is achievable by end of March. BTW, for those of you who read DeMark TA, does he mention anything about flag, wedge, pennant interpretation? Just my 2 cents.

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