BROADCOM CORP
(BRCM-Nasdaq):
Technical Viewpoint: From a low
of $175 3/8 on Nov 30, 1999 prices
rallied, reaching a
high of $234 7/8
on Dec 9, 1999. A
decline saw prices pull back, reaching a
low of
$195.00 on Dec 15, 1999.
Another rally saw prices penetrate
resistance, closing 12/22/99
at $254.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Dec 22, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $231.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 16, 1999. A P&F upside
reversal takes place at $244.00. Summary: Technical indicators have turned bullish. BUY! Broadcom Corp
(BRCM-Nasdaq) @ $256 5/8 Stop: Use a protective stop of $253 1/4.
Broadcom Corp is currently trading @ $254.00 plus $24 1/8 on Dec 26, 1999. Price Objective:
$330.00. Risk/Reward: $3 3/8 VS. $73 3/8. Today's Risk Reward Ratio: 22:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$330.00
Risk/Reward:
$3 3/8 VS. $73 3/8
Risk/Reward Ratio:
22:1
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