Millicom Intl Cellular (MICC) 6/4/2007

[Harry Aloof]

From Wall Street Trader's Column

MILLICOM INTL CELLULAR (MICC-Nasdaq): Technical Viewpoint: From a low of $80.66 on May 10, 2007 prices rallied, reaching a high of $87.64 on May 21, 2007. A decline saw prices pull back, reaching a low of $82.26 on May 24, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $92.22. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 1, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $83.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Apr 25, 2007. A P&F downside reversal takes place at $89.00. Summary: Technical indicators have turned bullish. BUY! MILLICOM INTL CELLULAR (MICC-Nasdaq) @ $92.75 Stop: Use a protective stop of $90.13. MILLICOM INTL CELLULAR is currently trading @ $92.22 plus $7.14 on Jun 1, 2007.

Price Objective: $107.50
Risk/Reward: $2.62 VS. $14.75
Today's Risk Reward Ratio: 6:1