Monthly chart shows bullish butterfly pattern with test of the low. Last 2 months, buyers have been slowly stepping back into the stock.
Stock ended week with buyers stepping back into stock. Price current above prior LIS at the $6.30 level. Next resistance level is at $9.50 area.
Profit taking towards end of Thanksgiving holiday week. Price needs to hold the 200sma as support for more upside.
Saturday, November 25, 2006
IMM Analysis 11.25.2006
Posted by TraderZ at 11/25/2006 07:00:00 AM
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1 comment:
I too like IMM here 6.98
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