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UNION CARBIDE
(UK-NYSE):
Technical Viewpoint: From a low
of $48 1/2 on Apr 26, 1999 prices
rallied, reaching a
high of $54.19
on May 3, 1999. A
decline saw prices pull back, reaching a
low of
$50 1/2 on May 12, 1999.
Another rally saw prices penetrate
resistance, closing 5/14/99
at $54 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 1, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $51.00. Resistance: Is at $55 1/2.
Point & Figure: Reversed to the upside on May 14, 1999. A P&F upside
reversal takes place at $52 1/2. Summary: Technical indicators have turned bullish. BUY! UNION CARBIDE
(UK-NYSE) @ $55 1/8 Stop: Use a protective stop of $52 1/4.
UNION CARBIDE is currently trading @ $54 1/2 plus $1.69 on May 16, 1999. Price Objective:
$69 3/4. Risk/Reward: $2 7/8 VS. $14 5/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69 3/4
Risk/Reward:
$2 7/8 VS. $14 5/8
Risk/Reward Ratio:
5:1
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