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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Scott Williams98 who wrote (870)5/13/1999 11:05:00 AM
From: Nick Papa  Read Replies (3) of 15615
 
Help on TA:

I see an ascending triangle with a top (resistance) of around 59. I also see an old high of about 62-62.5 (resistance) that we needed to break through (and did) with strong volume (which we have).

So, if GBLX holds above 63 (currently at 63 1/4 as I write this), where do we go from here? Is it the diff between the recent resistance (59) and the old resistance (50)? That would put us at 68 (59+9) if I'm close.

As you can tell, need help in understanding the tea leaves. Please lead this blind child from the darkness.

Thanks in advance,

Nick
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