BUY! BUNGE LTD (BG) NYSE

  Report No. 1740    Analysis by: Harry Aloof     APRIL 9, 2003

BUNGE LTD (BG-NYSE): Technical Viewpoint: From a low of $24.39 on Mar 7, 2003 prices rallied, reaching a high of $25.56 on Mar 14, 2003. A decline saw prices pull back, reaching a low of $24.35 on Mar 26, 2003. Another rally saw prices penetrate resistance, closing 4/8/03 at $26.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 8, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $24.63. Resistance: Is at $26.50. Point & Figure: Reversed to the upside on Apr 8, 2003. A P&F upside reversal takes place at $24.50. Summary: Technical indicators have turned bullish. BUY! BUNGE LTD (BG-NYSE) @ $26.38 Stop: Use a protective stop of $24.38. BUNGE LTD is currently trading @ $26.25 plus $0.55 on Apr 8, 2003. Price Objective: $37.00. Risk/Reward: $2.00 VS. $10.63. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$37.00 Risk/Reward:
$2.00 VS. $10.63 Risk/Reward Ratio:
5:1
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