|
INCO LTD
(N-NYSE):
Technical Viewpoint: From a low
of $39.64 on Oct 28, 2005 prices
rallied, reaching a
high of $45.73
on Nov 14, 2005. A
decline saw prices pull back, reaching a
low of
$43.04 on Nov 16, 2005.
Another rally saw prices penetrate
resistance, closing 11/25/05
at $45.92. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 4, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.02. Resistance: Is at $46.19.
Point & Figure: Reversed to the upside on Nov 25, 2005. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! INCO LTD
(N-NYSE) @ $46.13 Stop: Use a protective stop of $44.13.
INCO LTD is currently trading @ $45.92 plus $1.74 on Nov 25, 2005. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $15.53. Today's Risk Reward Ratio: 7:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.50
Risk/Reward:
$2.00 VS. $15.53
Risk/Reward Ratio:
7:1
|
