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EGHT is back in play

By David Randolph · May 17, 2005 · 1 min read · 321 views

8X8, Inc.(EGHT). The Group's principal activity is to design, develop and market telecommunication technology for internet protocol, telephony and video applications.

EGHT long term chart looks like this:

I love that support break and then the powerful comeback.

In the short term we have this:

I'm going to buy EGHT, higher than I sold, but I don't care about that. You have to let go of the past in this business. One close above $1.82 would confirm the bullishness of the stock.

I believe that now, after this second short term leg up from EGHT, the stock is less risky. It made a move, pullback and hold the initial move ... less risk, the same potential.

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EGHT is back in play

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