Crashy, I received this today and thought you may be interested. I am not sure how to copy a chart across from Acrobat (can anyone enlighten me?) and so the chart that went with the commentary isn't here.
Technicals: Last price WOW: $12.52 The very distinct trend in WOW, which began in early 2000, remains intact for now. There has been a pullback from the high at $13.64 with the question being how far the movement will go. Support exists at $12.40 (trendline – see (1) above) and also below at $12.00 (trendline – see (2) above). Longer-term traders should look for these levels to hold for evidence that the trend remains intact. Looking for reversal signal around $12.40 for long trade with confirmation of further upside if $12.63 resistance broken (Oct 01 high). If further upside from current levels then $12.63 ++ could be long entry point. A significant break of $12.40 may see pullback to $12.00 so look for put trade (WOWWPT) in this instance. Subsequent long position could be entered at $12.00. Trend-following indicator MACD signals caution for bulls. Secondary indicator RSI should be watched for confirmation of trend – the support line shown being an interesting level to watch for trend confirmation (support holds) of trend break (breach of support). Trading Warrants: WOWWPJ Jul $13.00 Call WOWWPT Jul $13.00 Put Instalments: WOWIPB Sep ‘04 $8.00 Instal WOWIPD Dec ’02 $10.00 Instal WOWIPE Jul ‘02 $11.50 Instal
WOW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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