Dell Technologies Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc.

DELL 133.78

-0.1%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chuzzlewit who wrote (83285)	12/2/1998 1:36:00 PM
From: freeus	Read Replies (1) of 176387

I'm not sure there is no such thing as "support". I would say there is support. First: there is a look to a chart that shows that at a certain price, when a stock is receding, it tends not to go below that, and when a stock is advancing it tends to stall at a certain price (resistance). Second: there is a psychological aspect to this: certain people are stubborn long term holders and some mutual funds are long term holders and at the price called "support" its very hard to shake those people loose. On the other hand, the "resistance" is where people just cant bear to pay that price for the stock. Obviously the nonsense that went on last week with internet stocks shows that none of this applies when frenzy is going on. Freeus

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next