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Technology Stocks : Westell WSTL

WSTL 6.460

+0.8%

Feb 6 9:30 AM EST

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To: Archi Bagchi who wrote (14968)	1/29/1999 1:10:00 AM
From: Trey McAtee	Read Replies (1) of 21342

archi-- on the chart itself, i can see a bull pennant...i can also see a bear wedge (60 min). which formation will hold? as a side note, i should mention that if you only take into account the recent drop from the 8's, it looks like a bear wedge. however, over the longer term (daily or weekly) it should resolve as a bullish wedge. so, we have 2 for higher prices and one for lower prices. can anyone tell how new at this i am? as for the indicators...all look down. it doesnt look like anything sharp...should hold (if it happens) around 6.25. anything positive that happens to the stock price is going to be based on a fundamental, not technical change. one question on the moflo archi...i am not getting a strong signal. what are you seeing? good luck to all, trey

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