Thursday, August 10, 2006

 

statschippac to rise?



statschippac hit a low of 84cents on 24 jul. i believe 84 cents could be the bottom for statschippac. it must break 14MA resistance and downtrend channel before we can see its price moving up. the risk of its price making new low is very small as technical indicator CCI, stochastic,RSI is pointing up. From elliot wave analysis we can see that wave 1 could be 0.915. if wave 1 count is correct, then .618 corrective wave 2 could be 0.87. we can enter LONG at around 0.87 and ride wave 3 up...


# posted by chua @ 9:33 PM
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