Saturday, November 25, 2006

Westjet Airways (WJA-tc) Analysis 11.25.2006

Monthly chart shows an abc corrective wave into the .786 level before finding support. This gives a bullish gartley pattern for the current move up. Stock ended the week testing prior s/r level at the $13.75 area.

On a weekly basis, buyers have been buying up the stock for the past 2 months or so.

Consolidation and profit taking the past couple of weeks.

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