METROMEDIA FIBER NETWORK
(MFNX-Nasdaq):
Technical Viewpoint: From a low
of $29 5/8 on Oct 18, 1999 prices
rallied, reaching a
high of $45 1/4
on Dec 6, 1999. A
decline saw prices pull back, reaching a
low of
$35 3/8 on Dec 29, 1999.
Another rally saw prices penetrate
resistance, closing 12/28/99
at $49.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 7, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 28, 1999. A P&F upside
reversal takes place at $46 1/2. Summary: Technical indicators have turned bullish. BUY! METROMEDIA FIBER NETWORK
(MFNX-Nasdaq) @ $49 1/2 Stop: Use a protective stop of $46 3/4.
METROMEDIA FIBER NETWORK is currently trading @ $49.06 plus $3.38 on Dec 28, 1999. Price Objective:
$61 1/2. Risk/Reward: $2 3/4 VS. $12.00. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61 1/2
Risk/Reward:
$2 3/4 VS. $12.00
Risk/Reward Ratio:
4:1
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