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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: E. Graphs who wrote (23622)6/25/1999 11:35:00 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 93625
 
Thanks E, looks like a battle royal at 91 1/2......

bp



To: E. Graphs who wrote (23622)6/25/1999 11:40:00 AM
From: TST  Read Replies (2) | Respond to of 93625
 
Thanks E. Graphs. I must confess to being wholly ignorant of such things. It is good to know you can provide such info., thank you.



To: E. Graphs who wrote (23622)6/25/1999 12:20:00 PM
From: JH  Read Replies (1) | Respond to of 93625
 
<RMBS has some very good support at these numbers as well as an uptrendline going back to April>

The support line drawn from the April bottom through the early June bottoms show primary support TODAY to be around $78.

Taking this support line and drawing a parallel line through the peak in mid-May and the peak a week ago results in a upward-sloping channel.

Cutting this channel into two zones (50% each) results in mid-line SUPPORT at around $91.

In other words, we've gone from the top of the channel to the 50% line in three days. If RMBS closes below $90 today, there is a good chance that support at the bottom of the channel ($78-ish) will be tested.