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PHONE.COM INC
(PHCM-Nasdaq):
Technical Viewpoint: From a low
of $128 3/4 on Sep 16, 1999 prices
rallied, reaching a
high of $185.31
on Sep 27, 1999. A
decline saw prices pull back, reaching a
low of
$149 5/8 on Oct 4, 1999.
Another rally saw prices penetrate
resistance, closing 10/18/99
at $218.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Oct 4, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $210.00. Resistance: Is at $228 7/8.
Point & Figure: Reversed to the upside on Oct 18, 1999. A P&F upside
reversal takes place at $207.00. Summary: Technical indicators have turned bullish. BUY! PHONE.COM INC
(PHCM-Nasdaq) @ $219 3/8 Stop: Use a protective stop of $215 7/8.
PHONE.COM INC is currently trading @ $218.00 plus $18 1/4 on Oct 18, 1999. Price Objective:
$249.00. Risk/Reward: $3 1/2 VS. $29 5/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$249.00
Risk/Reward:
$3 1/2 VS. $29 5/8
Risk/Reward Ratio:
8:1
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