Sunday, November 19, 2006

JDSU Analysis 11.19.2006

Buyers stepping back in with test of lows. IF we can clear $21 area, look for higher.

Buyers coming back into stock. First upside target is $21 area; if we can clear this, then look for $26.65 ish at the .618 fib level.

Price managed to climb above the 34ema, 20sma and now the 89sma. Look for possible resistance at the $21 area, which also happens to be the current 200sma. IF we can clear $21 area, then expect much higher as possible.

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