Sunday, May 06, 2007

OTE Analysis for 05.06.2007

Monthly chart shows positive momentum building; CCI indicator in the overbought area.

Weekly chart shows stock pull backed to prior key LIS at $12.50 area where it found support and lots of buyers. Current resistance this week at the $15.27 level is at a .786 fib level of the last move down. Look for this to be broken, with a run to test the prior high at $16.00, and then higher.

There are no options available for this stock.

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