Sunday, December 31, 2006
statschippac's downtrend continues...
This is daily chart of statschippac. As we can see, a downtrend channel is forcing statschippac to go down since the bearish divergence formed. As expected in the previous post, the bearish divergence has brought statschippac down from high of 1.33 to friday 29 dec's closing of 1.17. Statschippac is at the downtrend channel resistance line on dec 29 and it could go down next week as we can see from the chart above. Statschippac have to break up from the downtrend channel to see its price move up again...
Monday, December 11, 2006
CG Tech break down again...
This is daily chart of CG Tech. As expected in the previous post, CG Tech is in a bearish phase and Bull is not yet able to fight against the Bear. CG tech share price have broken down 14, 20 and 50ma, this is bearish for CG tech and the Head & Shoulder pattern is a warning that the share price could go down...
Want Free Links?