Sunday, May 06, 2007

PGR Monthly 05.06.2007

Monthly chrt shows support off the $21 area. Early buyers stepping back into the stock, as evidenced by the bullish engulfing pattern.

Weekly chart shows shallow pullbacks/consolidation on this current move up. Current resistance is the 34ema above, and support to be the 8ema below. Watch for continuation of higher highs and higher lows.

Daily chart shows more clearly the shallow retracements. Current resistance above is the 200sma.

No comments: