Saturday, May 12, 2007

CKFR Analysis for 05.12.2007

Monthly chart shows support building off the $33 area, which is a .50 fib level.

Weekly chart shows a double bottom buy signal. Current available options are in $5 increments. Watch for better price entry with options.

Daily chart shows bearish engulfing candle pattern into .50 fib level support, indicating that the last of the sellers have gotten out of the stock. Price currently trading above backend support, and above the 8ema. Watch for continued strength to the upside, with the first tgt at 200sma.

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