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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (6624)5/16/2000 10:11:00 PM
From: el paradisio  Read Replies (2) | Respond to of 11568
 
Jacob,<I expect WCOM to trade higher from now and my short term (1-2 month) target is 50>

If closing will be above 43 , this should act as a support from the downside and this will be the bottom.

WHY, because all technical indicators are pointing higher than in the past and price did not move too much.
Besides, today was perfect inverted H&S formation on 60', plus 20 and 50 MA are both at 43.
siliconinvestor.com

If 43 will not be taken away, the bottom is the same as before.
WCOM is both, a good trading opportunity and a long time investment.
el