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NORTEL NETWORKS HOLDING
(NT-NYSE):
Technical Viewpoint: From a low
of $31 3/8 on Nov 17, 2000 prices
rallied, reaching a
high of $45 7/8
on Dec 11, 2000. A
decline saw prices pull back, reaching a
low of
$28.94 on Jan 3, 2001.
Another rally saw prices penetrate
resistance, closing 1/19/01
at $40.00. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jan 17, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $31 1/2. Resistance: Is at $48.00.
Point & Figure: Reversed to the upside on Jan 18, 2001. A P&F upside
reversal takes place at $34 1/2. Summary: Technical indicators have turned bullish. BUY! NORTEL NETWORKS HOLDING
(NT-NYSE) @ $40 3/8 Stop: Use a protective stop of $37 3/4.
NORTEL NETWORKS HOLDING is currently trading @ $40.00 plus $3.31 on Jan 19, 2001. Price Objective:
$50.00. Risk/Reward: $2 5/8 VS. $9 5/8. 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:
$50.00
Risk/Reward:
$2 5/8 VS. $9 5/8
Risk/Reward Ratio:
4:1
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