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BROADCOM CORP CL A
(BRCM-Nasdaq):
Technical Viewpoint: From a low
of $58.00 on Apr 20, 1999 prices
rallied, reaching a
high of $111 1/2
on May 24, 1999. A
decline saw prices pull back, reaching a
low of
$81 7/8 on May 8, 1999.
Another rally saw prices penetrate
resistance, closing 6/8/99
at $102 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 5, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $87 1/2. Resistance: Is at $107 1/2.
Point & Figure: Reversed to the upside on Jun 3, 1999. A P&F upside
reversal takes place at $95.00. Summary: Technical indicators have turned bullish. BUY! BROADCOM CORP CL A
(BRCM-Nasdaq) @ $103 1/2 Stop: Use a protective stop of $99 7/8.
BROADCOM CORP CL A is currently trading @ $102 1/4 plus $3 3/4 on Jun 8, 1999. Price Objective:
$135.00. Risk/Reward: $3 5/8 VS. $31 1/2. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$135.00
Risk/Reward:
$3 5/8 VS. $31 1/2
Risk/Reward Ratio:
9:1
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