TELECOM BRAZIL SA TLEB
(TBH-NYSE):
Technical Viewpoint: From a low
of $60.81 on Mar 3, 1999 prices
rallied, reaching a
high of $92 1/2
on Apr 14, 1999. A
decline saw prices pull back, reaching a
low of
$82 3/4 on Apr 20, 1999.
Another rally saw prices penetrate
resistance, closing 5/6/99
at $96 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 7, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $89 1/2. Resistance: Is at $101 1/2.
Point & Figure: Reversed to the upside on Apr 29, 1999. A P&F upside
reversal takes place at $90.00. Summary: Technical indicators have turned bullish. BUY! TELECOM BRAZIL SA TLEB
(TBH-NYSE) @ $96 5/8 Stop: Use a protective stop of $93 3/4.
TELECOM BRAZIL SA TLEB is currently trading @ $96 1/2 plus $3 1/2 on May 6, 1999. Price Objective:
$108.00. Risk/Reward: $2 7/8 VS. $11 3/8. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$108.00
Risk/Reward:
$2 7/8 VS. $11 3/8
Risk/Reward Ratio:
4:1
|