Sunday, May 06, 2007

TSN Analysis for 05.06.2007

Monthly chart shows positive momentum building. CCI indicator in the overbought area currently. Price pulled back last month, with profit taking once the .786 fib area was hit.

Weekly chart shows wave extension.

Daily chart shows a gap down into support at the open on Tuesday last week, where buyers took it up into the close. Look for test of the $22.50 level high. Possible range action/consolidation before next move higher.

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