Support off the 200sma and .50 fib level
Hammer candle pattern off LISand prior s/r. Look to daily chart for upside pattern.
Monthly chart shows price made a 1.618 fib level high before pulling back last 3 months. Watch for potential pullback to the .382 fib level, which also happens to be important LIS (line in the sand).
Friday, November 17, 2006
PEP Analysis 11.17.06
Posted by TraderZ at 11/17/2006 07:59:00 PM
Labels: PEP
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