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PALM INC
(PALM-Nasdaq):
Technical Viewpoint: From a low
of $19 7/8 on May 24, 2000 prices
rallied, reaching a
high of $30 1/4
on Jun 12, 2000. A
decline saw prices pull back, reaching a
low of
$24 3/4 on Jun 19, 2000.
Another rally saw prices penetrate
resistance, closing 6/30/00
at $33 3/8. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jun 29, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $25 1/2. Resistance: Is at $42.00.
Point & Figure: Reversed to the upside on Jun 29, 2000. A P&F upside
reversal takes place at $28 1/2. Summary: Technical indicators have turned bullish. BUY! PALM INC
(PALM-Nasdaq) @ $34 1/8 Stop: Use a protective stop of $31 5/8.
PALM INC is currently trading @ $33 3/8 plus $3.69 on Jun 30, 2000. Price Objective:
$48.00. Risk/Reward: $2 1/2 VS. $13 7/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2 1/2 VS. $13 7/8
Risk/Reward Ratio:
5:1
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