|
BACKWEB TECH LTD
(BWEB -Nasdaq):
Technical Viewpoint: From a low
of $27 7/8 on Dec 15, 1999 prices
rallied, reaching a
high of $42 7/8
on Dec 30, 1999. A
decline saw prices pull back, reaching a
low of
$29 1/2 on Jan 7, 2000.
Another rally saw prices penetrate
resistance, closing 1/11/00
at $36.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 23, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.00. Resistance: Is at $42 7/8.
Point & Figure: Reversed to the upside on Jan 10, 2000. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! BACKWEB TECH LTD
(BWEB -Nasdaq) @ $37 1/4 Stop: Use a protective stop of $34 5/8.
BACKWEB TECH LTD is currently trading @ $36.69 plus $3 3/8 on Jan 11, 2000. Price Objective:
$52.00. Risk/Reward: $2 5/8 VS. $14 3/4. Today's Risk Reward Ratio: 12:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$52.00
Risk/Reward:
$2 5/8 VS. $14 3/4
Risk/Reward Ratio:
12:1
|
