|
NASDAQ 100 TR SERIES
(QQQ-Amex):
Technical Viewpoint: From a low
of $78.00 on Apr 4, 2000 prices
rallied, reaching a
high of $95 5/8
on May 1, 2000. A
decline saw prices pull back, reaching a
low of
$72 1/4 on May 24, 2000.
Another rally saw prices penetrate
resistance, closing 6/7/00
at $93.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 7, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $88 3/8. Resistance: Is at $96 7/8.
Point & Figure: Reversed to the upside on Apr 30, 2000. A P&F upside
reversal takes place at $88.00. Summary: Technical indicators have turned bullish. BUY! NASDAQ 100 TR SERIES
(QQQ-Amex) @ $94.01 Stop: Use a protective stop of $90.99.
NASDAQ 100 TR SERIES is currently trading @ $93.69 plus $2.44 on Jun 7, 2000. Price Objective:
$110.00. Risk/Reward: $3.02 VS. $15.99. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$110.00
Risk/Reward:
$3.02 VS. $15.99
Risk/Reward Ratio:
5:1
|
