MASDAQ 100 TR SERIES
(QQQ-Amex):
Technical Viewpoint: From a low
of $78.00 on Apr 14, 2000 prices
rallied, reaching a
high of $96.87
on May 1, 2000. A
decline saw prices pull back, reaching a
low of
$72.25 on May 24, 2000.
Another rally saw prices penetrate
resistance, closing 6/19/00
at $98.00. 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 $90.00. Resistance: Is at $107.69.
Point & Figure: Reversed to the upside on Jun 16, 2000. A P&F upside
reversal takes place at $95.00. Summary: Technical indicators have turned bullish. BUY! MASDAQ 100 TR SERIES
(QQQ-Amex) @ $99.05 Stop: Use a protective stop of $96.05.
MASDAQ 100 TR SERIES is currently trading @ $98.00 plus $3.75 on Jun 19, 2000. Price Objective:
$111.00. Risk/Reward: $3.00 VS. $11.95. 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:
$111.00
Risk/Reward:
$3.00 VS. $11.95
Risk/Reward Ratio:
4:1
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