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GENESIS MICROPCHIP
(GNSS-Nasdaq):
Technical Viewpoint: From a low
of $24.04 on May 30, 2001 prices
rallied, reaching a
high of $33.60
on Jun 8, 2001. A
decline saw prices pull back, reaching a
low of
$29.25 on Jun 15, 2001.
Another rally saw prices penetrate
resistance, closing 6/28/01
at $37.40. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jun 27, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 28, 2001. A P&F upside
reversal takes place at $35.25. Summary: Technical indicators have turned bullish. BUY! GENESIS MICROPCHIP
(GNSS-Nasdaq) @ $38.12 Stop: Use a protective stop of $35.50.
GENESIS MICROPCHIP is currently trading @ $37.40 plus $3.15 on Jun 28, 2001. Price Objective:
$50.00. Risk/Reward: $2.62 VS. $11.88. 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:
$2.62 VS. $11.88
Risk/Reward Ratio:
4:1
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