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Technology Stocks : Compaq
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To: JEFF GREGERSON who wrote (22637)3/19/1998 10:26:00 PM
From: Jerry Hall  Read Replies (3) of 97611
 
My P&F chart tells me the next support is at 22.375. The upside resistance is at 24.30, which we have not been able to break over the past two days. I trade with a stochastic-rsi oscillator, and cpq has been at the top of the oversold list for the past week. Normally the stock will reverse when it is this oversold. I am long at a higher price than we are at now. I almost wish it would go to 15.00 so we could all buy more and make a good profit on the way back to 30, but at some point before 15 I think all the experts would start putting buys on it because of price.
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