Sunday, August 26, 2007

NA-tc (National Bank of Canada) Analysis for 08.26.2007

Monthly chart shows a lot of resistance at the high of $66.80. Sellers came out in force for the month of August 2007. Price found support off the monthly 50sma.

The weekly chart shows the price to be right at the prior support level of $56

The daily chart shows price to be below the daily 34ema. IF $53 holds, then look for first upside target to be at the 34ema.

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