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...

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