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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?


To: Vegas who wrote (8913)11/10/1998 2:57:00 PM
From: Chip Anderson  Read Replies (2) | Respond to of 16960
 
Re: TA - here's a chart with the whole, sordid story:

coolhistory.com

Notice that, historically, the 16-18 trading range has been an important level for TDFX. The stock stayed there from Sept-Dec of 1997 and then again in mid-June of this year. So, IMHO, a close above 16 would be very positive.

(BTW, it's completely valid to wonder if small-cap tech stocks follow any of the traditional patterns of historical support/resistance that some big caps do. I'm not sure that they do...)

This longer-term chart also shows just how long its been since the "On Balance Volume" and "MACD" indicators have been in bearish territory (since last May/June). The fact that they are both now bullish is also good news.

Chip
coolhistory.com