Wednesday, December 13, 2006

OXPS Analysis for 12.13.2006

Last 2 months have been met with selling.

Sellers found support off the .786 fib level and an 89sma.

Panic selling at the open with a gap down, upon news that account growth slowed, and was lower than expected. Early buyers stepped back into the stock at the .786 fib level, creating a hammer candle pattern. Look for the support level to hold for remainder of week. If it does not, then look for the LIS and support at $21 to $20 level.

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