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TIME WARNER TELECOM
(TWTC-Nasdaq):
Technical Viewpoint: From a low
of $9.39 on Nov 20, 2003 prices
rallied, reaching a
high of $10.70
on Dec 3, 2004. A
decline saw prices pull back, reaching a
low of
$8.90 on Dec 16, 2003.
Another rally saw prices penetrate
resistance, closing 1/16/04
at $12.26. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 29, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $10.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 5, 2004. A P&F upside
reversal takes place at $11.00. Summary: Technical indicators have turned bullish. BUY! TIME WARNER TELECOM
(TWTC-Nasdaq) @ $12.63 Stop: Use a protective stop of $11.13.
TIME WARNER TELECOM is currently trading @ $12.26 plus $1.12 on Jan 16, 2004. Price Objective:
$18.75. Risk/Reward: $1.50 VS. $6.12. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$18.75
Risk/Reward:
$1.50 VS. $6.12
Risk/Reward Ratio:
4:1
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