Monday, November 20, 2006

 

CG Tech's Head & Shoulder?

As expected in the previous post, CG tech follows the direction of the divergence all the way down. Its price hit a low of 40 cents today and then rebounded from there as exactly the 50 day moving average. From the chart above, we can see a potential Head & Shoulder is forming. If CG tech is not able to break the H & S pattern, it is a bad sign...

# posted by chua @ 10:41 PM
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