Sunday, November 19, 2006

Loblaw (L-tc) Analysis 11.19.2006

Kicker signal pattern. Buyers stepping back into stock upon announcement of store closures to improve bottom line.

Three weeks of indecision by investors/traders, followed by more positive week last week.

IF this current support level of $45.00 range can hold, look for .382 fib level as first target. May encounter some initial resistance at the $53.00 range.

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