BUY! WEBEX COMMUNICATIONS (WEBX) Nasdaq

  Report No. 1959    Analysis by: Harry Aloof     MARCH 5, 2004

WEBEX COMMUNICATIONS (WEBX-Nasdaq): Technical Viewpoint: From a low of $18.60 on Jan 29, 2004 prices rallied, reaching a high of $27.31 on Feb 2, 2004. A decline saw prices pull back, reaching a low of $24.30 on Feb 24, 2004. Another rally saw prices penetrate resistance, closing 3/4/04 at $29.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Feb 4, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $26.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 4, 2004. A P&F upside reversal takes place at $0. Summary: Technical indicators have turned bullish. BUY! WEBEX COMMUNICATIONS (WEBX-Nasdaq) @ $29.25 Stop: Use a protective stop of $27.25. WEBEX COMMUNICATIONS is currently trading @ $29.20 plus $2.89 on Mar 4, 2004. Price Objective: $40.50. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 6:1

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

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Price Objective:
$40.50 Risk/Reward:
$2.00 VS. $11.25 Risk/Reward Ratio:
6:1
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