|
MILLICOM INTL CELLULAR
(MICC-Nasdaq):
Technical Viewpoint: From a low
of $80.66 on May 10, 2007 prices
rallied, reaching a
high of $87.64
on May 21, 2007. A
decline saw prices pull back, reaching a
low of
$82.26 on May 24, 2007.
Another rally saw prices penetrate
resistance, closing 6/1/07
at $92.22. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 1, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $83.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 25, 2007. A P&F upside
reversal takes place at $89.00. Summary: Technical indicators have turned bullish. BUY! MILLICOM INTL CELLULAR
(MICC-Nasdaq) @ $92.75 Stop: Use a protective stop of $90.13.
MILLICOM INTL CELLULAR is currently trading @ $92.22 plus $7.14 on Jun 1, 2007. Price Objective:
$107.50. Risk/Reward: $2.62 VS. $14.75. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$107.50
Risk/Reward:
$2.62 VS. $14.75
Risk/Reward Ratio:
6:1
|
