Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Dennis R. Duke who wrote (45988)	5/4/1998 3:11:00 PM
From: Jorj X Mckie	Read Replies (1) of 61433

Yes, there is a double top resistances at $44. A move to $45 would break the double top resistance and could be interpreted as a buy signal (using Point & Figure charting). Tom Chartist? Are we seeing a lot of resistance at this level? Does it make technical sense to see $43.50 as a near term top for this stock? Why is it getting hammered down everytime it hits near $44 ($43 15/16 intraday high)? Dennis

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