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SBS BROADCASTING SA
(SBTV-Nasdaq):
Technical Viewpoint: From a low
of $42.60 on Mar 10, 2005 prices
rallied, reaching a
high of $46.63
on Mar 21, 2005. A
decline saw prices pull back, reaching a
low of
$42.07 on Mar 29, 2005.
Another rally saw prices penetrate
resistance, closing 4/8/05
at $48.03. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 8, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $44.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 6, 2005. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! SBS BROADCASTING SA
(SBTV-Nasdaq) @ $48.75 Stop: Use a protective stop of $46.75.
SBS BROADCASTING SA is currently trading @ $48.03 plus $2.51 on Apr 10, 2005. Price Objective:
$57.50. Risk/Reward: $2.00 VS. $8.75. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.50
Risk/Reward:
$2.00 VS. $8.75
Risk/Reward Ratio:
4:1
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