Monthly chart shows possible hammer developing, with buyers showing up at the support area of $27.00. This area also happens to be the mid-point of a large green candle.
The weekly chart shows an AB=CD or 1:1 pattern into the $27 area of support. This week's price action also completes a cradle pattern on the candles.
The daily chart better shows the support of the $27 level. Friday's price action shows buyers gapping up the price to finish on the highs of the trading day. Upside targets are: $34 to $38 initially.
Saturday, August 25, 2007
ANN Analysis for -08.25.2007
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