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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?


To: waverider who wrote (4726)11/28/2000 8:33:22 AM
From: edamo  Read Replies (2) | Respond to of 6531
 
rick..."75 support holds"

80 has been a strong probability since the stock began its sell off....nothing on the horizon to slow its downward acceleration.....short term it is a bit oversold....longer term it still has downward momentum that can drive it sub 70........under severe distribution.....no substantial support until the sixties......

only saving grace would be an overall market event that would stabilize the share price.....from that point, the best price action would be an adequate basing.....look at a weekly or monthly chart it shows a trend better then a daily or hourly chart which offers at times trading indicators...

good luck

ed a.



To: waverider who wrote (4726)11/28/2000 1:43:30 PM
From: DiB  Read Replies (2) | Respond to of 6531
 
I don't know Rick. I see support between 60 and 70, closer to 60...

askresearch.com



To: waverider who wrote (4726)11/28/2000 6:58:17 PM
From: waverider  Read Replies (1) | Respond to of 6531
 
Maybe. At this rate, who the hell knows. Stocks are taking out supports like...well, you know. At this point, technicals don't mean a lot.

I'll be interested when we base and hold that base for a month or so. Lookin' like $55 now.

UGH!

Rick