Silicon Investor (SI) -- The First Internet Community

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 : Wind River Systems - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: contax who wrote (284)	10/21/1999 10:16:00 AM
From: Peter Church	Respond to of 431

We broke out of that swamp! Now if the darn market would cooperate, we'd be at 25 easily. I was glad to see we're out of the 18 to 20 trading range and bought back in @ 20.75 yesterday. Hope the bear continues to snoozzzze. ---Peter

To: contax who wrote (284)	10/22/1999 9:07:00 AM
From: contax	Read Replies (2) \| Respond to of 431

Because of this out of the blue merger announcement with ISI, our little gorilla must be a little dazed and confused at this time and may have to scuttle plans to climb Junction #25 for now. :) Karim

To: contax who wrote (284)	11/2/1999 3:22:00 AM
From: contax	Read Replies (1) \| Respond to of 431

The following is the Point and Figure Chart Of WINd after today's price action: 30 ---------------------------------------------------------------------------30 - 29 29 28 * 28 27 * 27 26 * 26 25 -------* ------------------------------------------------------------------25 - 24 * Top24 23 * * 23 22 X * * X 22 21 X O X * X B 21 20 ---------X --X O X O * ----------------------X --X ------X O X ------------20 - 19.5 X O X O X O X * X X O X O A X O X 19.5 19.0 --------X O X O X 6 X O * --* ----------X O X O X O X O X O X ------------19.0 18.5 X O O O X O X * X * X O X O X O X O X O X Med18.5 18.0 --------X --------O X O X O X O * ------X O X O X O --O --O X ------------18.0 17.5 X O X O X O 7 O X * X O X O X * O 17.5 17.0 --------X --------O --O --O X O X O * --9 O --O ------* ------------------17.0 16.5 X O X O X O * X * 16.5 16.0 --------X ----------------O --O X O 8 --X --------* ----------------------16.0 15.5 X X X O X O X O X * 15.5 15.0 X O X O X --------------------O X O X O X ----* --------------------------15.0 14.5 X O X O X O X O O X * 14.5 14.0 X O X 5 ----------------------O ------O X * ------------------------------14.0 13.5 X O X O * Bot13.5 13.0 X O X --------------------------------* ----------------------------------13.0 12.5 X O X 12.5 12.0 X O ----------------------------------------------------------------------12.0 11.5 11.5 11.0 As can be seen, WINd went past the $21 mark which it had reached a few days ago. The next resistance in WINd's march upward is the highs reached back in May at around the @22.50 dollar mark. Back on the 24th. and the 25th. of May, WINd reached a high of $22.75 on a two day cumulative volume of over 3 million shares. Before WINd can go any higher, it needs to chip away what I consider a substantial overhead resistance. In the absence of any bullish news which could propel it past that resistance in no time, imho, I believe it will need a few days before it can gallop past this overhead supply and go on to higher grounds. At this point a slight pull back will be perfectly normal. Printing 23 on this chart on an intra day basis and then a retreat, will be ideal... As I had mentioned earlier, coming out of a "Cup and handle" and a "flag" formation(s) usually portends an explosive move in the price action of a stock. I believe WINd is setting us up for just such a move... Karim