PALM INCORPORATED
(PALM-Nasdaq):
Technical Viewpoint: From a low
of $32 3/4 on Jul 28, 2000 prices
rallied, reaching a
high of $40.00
on Aug 1, 2000. A
decline saw prices pull back, reaching a
low of
$32 1/8 on Aug 14, 2000.
Another rally saw prices penetrate
resistance, closing 8/30/00
at $41.94. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 24, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $34 1/2. Resistance: Is at $46 3/8.
Point & Figure: Reversed to the upside on Aug 29, 2000. A P&F upside
reversal takes place at $39 3/4. Summary: Technical indicators have turned bullish. BUY! PALM INCORPORATED
(PALM-Nasdaq) @ $42 1/8 Stop: Use a protective stop of $39 5/8.
PALM INCORPORATED is currently trading @ $41.94 plus $1.81 on Aug 30, 2000. Price Objective:
$54.00. Risk/Reward: $2 1/2 VS. $11 7/8. 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:
$54.00
Risk/Reward:
$2 1/2 VS. $11 7/8
Risk/Reward Ratio:
5:1
|