|
MICROSOFT CORP
(MSFT-Nasdaq):
Technical Viewpoint: From a low
of $27.25 on Jul 16, 2004 prices
rallied, reaching a
high of $29.89
on Jul 21, 2004. A
decline saw prices pull back, reaching a
low of
$26.86 on Aug 12, 2004.
Another rally saw prices penetrate
resistance, closing 10/1/04
at $28.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 1, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $27.00. Resistance: Is at $28.42.
Point & Figure: Reversed to the upside on Oct 1, 2004. A P&F upside
reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! MICROSOFT CORP
(MSFT-Nasdaq) @ $28.38 Stop: Use a protective stop of $26.38.
MICROSOFT CORP is currently trading @ $28.25 plus $0.60 on Oct 1, 2004. Price Objective:
$40.00. Risk/Reward: $2.00 VS. $11.62. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$40.00
Risk/Reward:
$2.00 VS. $11.62
Risk/Reward Ratio:
6:1
|
