SI
SI
discoversearch

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.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Sharp_End_Of_Drill who wrote (92576)7/19/2001 3:26:02 PM
From: chowder  Respond to of 95453
 
Sharp, it appears VRSN is coming down to an important level of support. Look at the first week of April, between the numbers 38.88 and 40.79. Look at the long white candle. You will see a little gap up from the body of that long white candle. That's the level of support.

stockcharts.com[h,a]dbclyimy[pc25!c50!c200!f][vc60][iut!Ub14!Ua12,26,9!Lc20!Lh14,3!Lg]

If VRSN breaks that support level ($39.87), it has more downside. If not, you've got your selling point. Otherwise, the other technicals are showing more downside at this point. The close is what's important, not the day's trading range.

Break $39.87 hold. Bounce back above $39.87 cover.

If you're not confused, I'll try again. <lol>

dabum



To: Sharp_End_Of_Drill who wrote (92576)7/20/2001 5:25:03 PM
From: chowder  Read Replies (1) | Respond to of 95453
 
Hi Sharp! Re: VRSN ....

Yesterday I spoke about support for VRSN around $39. The bulls don't seem to want it to go below $41. It bounced back yesterday rather smartly from that support level.

Today the trading range once again tested the $41 level and moved back up.

stockcharts.com[h,a]dbclyimy[pc25!c50!c200!f][vc60][iut!Ub14!Ua12,26,9!Lc20!Lh14,3!Lg]

The trend is still down. You may want to decide if you wish to hold another day or two and see if it breaks support. There's some good downside if it does. Volume still fairly high.

dabum