Saturday, December 09, 2006

MOT Analysis for 12.09.2006

Possible 5 waves up. Last move up had divergence in CCI indicator. Sellers have been selling for the last 3 months.

Early buyers in the week were met with resistance and selling. Stock closed below the 89sma and at short term support.

Buyers were unable to take the price above the resistance of the 200sma, 34ema, and the 20sma. Sellers were out in force on Friday. Look for follow through next week.

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