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DSP COMMUNICATIONS
(DSP-NYSE):
Technical Viewpoint: From a low
of $22 1/2 on Aug 30, 1999 prices
rallied, reaching a
high of $28 1/2
on Sep 3, 1999. A
decline saw prices pull back, reaching a
low of
$17.69 on Sep 28, 1999.
Another rally saw prices penetrate
resistance, closing 10/12/99
at $29 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 8, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26.00. Resistance: Is at $31 7/8.
Point & Figure: Reversed to the upside on Oct 5, 1999. A P&F upside
reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! DSP COMMUNICATIONS
(DSP-NYSE) @ $30 1/8 Stop: Use a protective stop of $28 1/4.
DSP COMMUNICATIONS is currently trading @ $29 1/4 plus $1.94 on Oct 12, 1999. Price Objective:
$41.00. Risk/Reward: $1 7/8 VS. $10 7/8. 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:
$41.00
Risk/Reward:
$1 7/8 VS. $10 7/8
Risk/Reward Ratio:
6:1
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