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Technology Stocks : Compaq
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To: van wang who wrote (23095)3/23/1998 11:43:00 AM
From: Satyr  Read Replies (2) of 97611
 
No your not. 24 1/2 is critical but i put a little cushion in just in case. I've seen to many times on a stock like this where it pulls back an extra 1/4 or so to suck in the people who think that the resistance has been broken. Huge quantities offered at 24 1/2 now.

If you use the 1/2 hour and hour charts use a 50 period MA. you'd be surprised how often it shows breaking points that the regular chart doesn't. Right now CPQ broke on the 30 min chart on the opening and stopped right where it should on the 60 minute one.
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