AMERICA MOVIL
(AMX-NYSE):
Technical Viewpoint: From a low
of $12.77 on Nov 19, 2002 prices
rallied, reaching a
high of $15.75
on Dec 2, 2002. A
decline saw prices pull back, reaching a
low of
$14.30 on Dec 30, 2002.
Another rally saw prices penetrate
resistance, closing 1/14/03
at $15.62. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 20, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $14.63. Resistance: Is at $15.75.
Point & Figure: Reversed to the upside on Jan 6, 2003. A P&F upside
reversal takes place at $14.75. Summary: Technical indicators have turned bullish. BUY! AMERICA MOVIL
(AMX-NYSE) @ $15.75 Stop: Use a protective stop of $14.25.
AMERICA MOVIL is currently trading @ $15.62 plus $0.70 on Jan 14, 2003. Price Objective:
$25.50. Risk/Reward: $1.50 VS. $9.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$25.50
Risk/Reward:
$1.50 VS. $9.75
Risk/Reward Ratio:
6:1
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