3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

0.0%

Nov 7 11:47 AM EST

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To: joe who wrote (15797)	5/18/1998 9:09:00 PM
From: The Vinman	Read Replies (2) of 45548

Coms chart: Coms is oversold(surprise surprise) using stochastics and rsi indicators, and in the past has made an up move when reaching these levels using the same indicators. The bad news is Coms closed below support at $29.19, which is below the close of $29.37 set on 1/12/98. This may not mean much if Coms can bounce tomorrow, but it has broke below $29 intraday the last 2 trading sessions, which isn't a good sign. The next level of support is at $26.37, which was the close on 4/21/97. IMHO, the Fed won't raise and hopefully Dell will give the techs a much needed boost, both of which Coms needs badly. I will buy at the open and HOPE oversold levels along with the other positives will push Coms back over $30 the next couple of days....just a short term trading idea.... Vinman

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