Compaq Message Board - Msg: 7767457

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 : Compaq

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Red Scouser who wrote (47624)	2/10/1999 10:36:00 PM
From: Christopher	Read Replies (2) of 97611

Red Scouer & Night Rider, Here is the TA for CPQ. If you remember my last TA was not very bullish. I said that short term trader may want to sell their shares. Technology stocks have reached a short term top in general. The NASDAQ reached a short term top on 02-05-98 when it closed below its 20 dma(Day Moving Average). The next support for NASDAQ is around 2200. CPQ also has reached a short tem top on 02-04-98 when it closed at 45 below its 20 dma. Yesterday and today CPQ closed below its 50 dma, a negative sign. The next support levels for CPQ are 40 and 35. The internet AMEX index closed below its 20 dma on 02-05-98. Currently it is testing its 50 dma. If it closes below it then that would be very bearish. This index actually effect NASDAQ quite a bit since it has a lot of weight in NASDAQ. This index may be undergoing an intermediate correction which means more to the downside is coming. CPQ closing below its 50 dma means that it has entered an intermediate correction. In general, the correction may continue for a while. Good trading, Christopher

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next