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.

Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (8438)	10/12/1998 6:54:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 93625

bp, re: the candlestick chart REH is probably better equipped to explain, but I'll try. On Thursday, Rambus opened below the previous day's low but closed part of the way up over the previous day's close. This is what's called a piercing line and is bullish, indicating a reversal of the downtrend. On Friday, Rambus formed a hanging man, where the open and close are fairly close to each other, and both are way above the low of the day. This confirms the piercing line and is bullish. Today, Rambus opened above yesterday's close and finished yet higher. The only thing I'd like to see now is big volume on the upside. I believe Rambus' conference call following earnings and Intel's upside earnings surprise will bring that volume. Good luck. P.S. Apologies to candlestick experts in advance if I totally screwed up this explanation. I'm learning.