Alcatel Lucent: 6 January 2013, Sunday, 9.45am Singapore Time
US Market Stock: Alcatel-Lucent (NYSE: ALU)
As attached, Alcatel-Lucent will be on a big dead cat bounce upwave in the mid-long term.
Price Satisfaction based on Price Structure at $1.07 was hit, after which it underwent an accumulation (buy) phase hovering around $1.07.
The chart above illustrates the collection base, 1st initial confirmation, 2nd double confirmation as well as a 3rd triple confirmation buy signals.
From current BUY point, it represents
2.94 folds (+194% profits) returns
to
3.54 folds (+254% profits) returns
with the following targets:
Target 1: $4.82
Target 2: $5.14
Target 3: $5.80
Hence, Strong Buy based on Donovan's Market Analysis.
Multiply your wealth with Alcatel-Lucent.
Multiply your wealth with Alcatel-Lucent.
Donovan's Market Analysis:
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