BUY! ERICSSON LM TEL (ERICY) Nasdaq

  Report No. 1004    Analysis by: Harry Aloof     MARCH 27, 2000

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$138.00 Risk/Reward:
$3.00 VS. $34 1/2 Risk/Reward Ratio:
11:1
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