Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.87

-0.7%

1:05 PM EST

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To: Boplicity who wrote (7600)	9/29/1998 10:28:00 PM
From: Gary Wisdom	Read Replies (2) of 93625

Rambus and candlesticks FWIW, Rambus is a stock that is followed by many traders, as you know. It seems to hold true to candlestick analysis to a pretty good degree. Last Thursday, Rambus formed a piercing line which is very bullish. Friday, it formed a bullish engulfing pattern (again bullish). Yesterday, it formed a shooting star which signifies a minor reversal. We got that reversal this morning. The news probably stopped that reversal in its tracks. The action today, closing above the open, was very bullish. Look for traders to jump back in very soon.

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