Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 115.18

-7.7%

Jan 23 9:30 AM EST

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To: MulhollandDrive who wrote (8438)	10/12/1998 6:54:00 PM
From: Gary Wisdom	Read Replies (1) of 93625

bp, re: the candlestick chart REH is probably better equipped to explain, but I'll try. On Thursday, Rambus opened below the previous day's low but closed part of the way up over the previous day's close. This is what's called a piercing line and is bullish, indicating a reversal of the downtrend. On Friday, Rambus formed a hanging man, where the open and close are fairly close to each other, and both are way above the low of the day. This confirms the piercing line and is bullish. Today, Rambus opened above yesterday's close and finished yet higher. The only thing I'd like to see now is big volume on the upside. I believe Rambus' conference call following earnings and Intel's upside earnings surprise will bring that volume. Good luck. P.S. Apologies to candlestick experts in advance if I totally screwed up this explanation. I'm learning.

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