AFFX Analysis for 07.08.2007

Monthly chart shows support off the $17.50 low. Look for this to hold. Price is currently near a prior LIS of $24.48. Look for this to hold in the short term in order to see a move higher.

Weekly chart shows more clearly the support at the old LIS. Early buyers came back into the stock last week. Let's see if we get continuation or not next week.

Daily chart shows resistance above right at the 200sma, 34ema and the 8ema. We need to clear this level next week in order to continue higher.