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DIGITAL MICROWAVE
(DMIC-Nasdaq):
Technical Viewpoint: From a low
of $27.00 on Jan 31, 2000 prices
rallied, reaching a
high of $40 7/8
on Feb 9, 2000. A
decline saw prices pull back, reaching a
low of
$32 3/8 on Feb 29, 2000.
Another rally saw prices penetrate
resistance, closing 3/8/00
at $48 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 15, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 1, 2000. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! DIGITAL MICROWAVE
(DMIC-Nasdaq) @ $48 5/8 Stop: Use a protective stop of $45 3/4.
DIGITAL MICROWAVE is currently trading @ $48 1/2 plus $12 1/8 on Mar 8, 2000. Price Objective:
$58 1/2. Risk/Reward: $2 7/8 VS. $9 7/8. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58 1/2
Risk/Reward:
$2 7/8 VS. $9 7/8
Risk/Reward Ratio:
3:1
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