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.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Dave H who wrote (10919)	1/20/1998 2:33:00 PM
From: James Strauss	Respond to of 79296

FIBR... Sowing Its Oats... >>>Do you see any technical significance at 5 7/32 for FIBR? It seems as though that has been today's battle line. Ask just moved to 5 1/4 so perhaps it's going to move again. Wondering if this is an area of resistance (soon to be support) I missed on the chart.<<< ***************************************************************** Dave: If you look at a weekly chart you'll see a lateral resistance area in the 5.00 to 5 1/4 range at the end of 1995... I just drew a trendline from there to the present... There were several hundred thousand shares traded at that level in 1995... The million plus trading volume we are now seeing is blowing away that resistance... Jim