SI
SI
discoversearch

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 : Ampex Corp: Digital Storage
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: papa bear who wrote (2130)3/6/1997 10:03:00 PM
From: stan s.   of 3256
 
Ron...I think most of us who use TA heavily in our other choices have become a little disenchanted about its application concerning AXC.

The small rises recently have been so short lived it's hard to get too excited.

As far as the charts now, it is true AXC is once again oversold on several indicators and appears to be nearing a rally.

The problem is without news it will probably be limited to 20% or less and then continue its slide to 6.

As far as volume and ACC/DIS indicators, you could make the case the Chaikin is showing some accumulation.

However the volume oscillator crossing above the 0 line while the price is declining is generally a bearish sign, as would be a price increase on declining volume.

What you want is rising prices with increased volume or if the price has to drop, you want declining volume. These are, of course generalities and there are exceptions.

Still hopeful,

Stan
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News