Friday, November 17, 2006

PEP Analysis 11.17.06

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).

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