Saturday, December 02, 2006

OLAB Analysis 12.02.2006

Exuberant buyers were met with sellers. Unable to sustain any upside momentum all year. Currently at old LIS (old resistance becomes new support).

The month of November saw early buyers stepping back into the stock, but were unable to hold onto any gains.

Price currently right at the 34ema. Friday saw more selling. IF we see renewed selling early next week, THEN look for the 200sma as initial downside tgt.

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