Sunday, May 06, 2007

JNS Analysis for 05.06.2007


Monthly chart shows upside momentum building; CCI indicator in the overbought area. Price is making higher highs and higher lows. Short term resistance is right at the .382 fib level of $26.50 area, where some profit taking took place.

Weekly chart shows price currently well above the 8ema and 34ema.
href="http://2.bp.blogspot.com/_exsWPwE6JCM/Rj4UYnc3f-I/AAAAAAAAAaw/x9x-hiXkadg/s1600-h/JNS+Daily+050607.jpg">
Daily chart shows major change in investor sentiment on April 9, 2007, when investors gapped up the stock at the open, above the prior high.

No comments: