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