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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?


To: Harley Morgan who wrote (2503)1/16/1998 4:38:00 PM
From: gs  Read Replies (2) | Respond to of 6317
 
I hope so, but
SLR +1/8
EFII -1/8
DGII +1/16

That was a lot of pressure starting at 3.30pm when the option stuff was over. The volume increased significantly but the stock hold and did not drop below 33. There were a few large block buys and a lot of 100-500 share sales. It makes me thing that the worst is over and we will be up next thing.

Technically I think we are OK as well.

1. We had a symmetrical triangle, but was not able to close above 42.
That is why the stock dropped.

2. We have an inverse head-and-shoulders pattern.
3. MACD divergence at the head. MACD failed to set a new low.

In any case next week will be critical.