The New QLogic (ANCR) 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 : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kelly Igou who wrote (14435)	2/18/1998 1:20:00 PM
From: Alan Aronoff	Read Replies (1) of 29386

<<All you TA types - without considering the CC - where could we expect support?>> Well you know I've been using the basic stuff but it's been working pretty well. I see $8 as first line of support. ANCR tested it this AM and bounced. Next is $7 1/2... 200 DMA and also the first stop on a Fibonnacci retracement (assuming I'm charting Fib correctly). Without some heavy negative fundamental news I think ANCR would make a strong stand at $7 1/2. After that would be $7... representing the second stop on Fib retracement... a 50% pullback from the $5 to $9 rally. After that I could see ANCR falling back to the 50 DMA...$5 1/2 Other opinions welcome...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next