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Technology Stocks : Ascend Communications (ASND)
ASND 212.29-2.2%3:59 PM EST
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To: gerard mangiardi who wrote (36866)3/1/1998 5:26:00 PM
From: Jay Plummer  Read Replies (1) of 61433
 
Gerard,
Looks like ASND has filled the gap at 35 and is attempting to
fill the gap from 38-40 that was made last October. Looking at the
yearly graph plotted daily, I see a head and shoulders bottom forming.
The only problem is volume is low on the breakout. The near term price target for this breakout is around 45 as I see it.
That's the thing about TA, everyone sees a different picture.
I think this stock will break out on large volume soon above 40. Then
it will pause and go to 45 near term.

Jay
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