ERICSSON LM TEL
(ERICY-Nasdaq):
Technical Viewpoint: From a low
of $82.06 on Feb 15, 2000 prices
rallied, reaching a
high of $104 1/4
on Mar 7, 2000. A
decline saw prices pull back, reaching a
low of
$88 1/2 on Mar 16, 2000.
Another rally saw prices penetrate
resistance, closing 3/24/00
at $102.81. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Mar 17, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $93.00. Resistance: Is at $105.25.
Point & Figure: Reversed to the upside on Mar 22, 2000. A P&F upside
reversal takes place at $100.00. Summary: Technical indicators have turned bullish. BUY! ERICSSON LM TEL
(ERICY-Nasdaq) @ $103 1/2 Stop: Use a protective stop of $100 1/2.
ERICSSON LM TEL is currently trading @ $102.81 plus $3.93 on Mar 24, 2000. Price Objective:
$138.00. Risk/Reward: $3.00 VS. $34 1/2. Today's Risk Reward Ratio: 11:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$138.00
Risk/Reward:
$3.00 VS. $34 1/2
Risk/Reward Ratio:
11:1
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