TIME WARNER INC
(TWX-NYSE):
Technical Viewpoint: From a high
of $57 1/2 on Jan 13, 1999 prices
declined, reaching a
low of $67.06
on Jan 20, 1999. A
rally saw prices pull back, reaching a
high of
$58 5/8 on Feb 10, 1999.
Another decline saw prices penetrate
support, closing 2/16/99
at $63 1/2. Technicals: Demand Index (DI): A Sell Alert!
was given on Feb 16, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $59.00. Resistance: Is at $64.00.
Point & Figure: Reversed to the downside on Feb 11, 1999. A P&F downside
reversal takes place at $60.00. Summary: Technical indicators have turned bearish. SELL! TIME WARNER INC
(TWX-NYSE) @ $63 7/8 Stop: Use a protective stop of $61 3/8.
TIME WARNER INC is currently trading @ $63 1/2 minus $2 3/8 on Feb 16, 1999. Price Objective:
$80 1/2. Risk/Reward: $2 1/2 VS. $16 5/8. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$80 1/2
Risk/Reward:
$2 1/2 VS. $16 5/8
Risk/Reward Ratio:
6:1
|