MICROSOFT CP
(MSFT-Nasdaq):
Technical Viewpoint: From a low
of $53.00 on Oct 10, 2001 prices
rallied, reaching a
high of $59.30
on Oct 17, 2001. A
decline saw prices pull back, reaching a
low of
$55.50 on Oct 18, 2001.
Another rally saw prices penetrate
resistance, closing 10/22/01
at $60.16. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 18, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.00. Resistance: Is at $62.95.
Point & Figure: Reversed to the upside on Oct 19, 2001. A P&F upside
reversal takes place at $57.75. Summary: Technical indicators have turned bullish. BUY! MICROSOFT CP
(MSFT-Nasdaq) @ $60.25 Stop: Use a protective stop of $57.75.
MICROSOFT CP is currently trading @ $60.16 plus $2.26 on Oct 22, 2001. Price Objective:
$71.00. Risk/Reward: $2.50 VS. $10.75. 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:
$71.00
Risk/Reward:
$2.50 VS. $10.75
Risk/Reward Ratio:
4:1
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