Sunday, December 03, 2006

PIR Analysis 12.03.2006

Monthly chart shows current support off $5.61 low. Hammer and bullish engulfing showed that early buyers were stepping back into the stock. October saw more sellers, but November saw indecision, with the current low holding.

Weekly chart shows that buyers were met with sellers at the 34ema.

The last of the sellers finally sold on Monday, with buyers stepping back in for the remainder of the week. Small bullish gartley butterfly pattern off the .786 fib level.

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