Tuesday, August 14, 2007

SIRF Analysis for 08.14.2007


The monthly chart shows to be at support of key LIS at the $16.87 level. While July 2007 brought out the early buyers, this quickly changed in the month of August 2007.

The weekly chart shows price to be below all key moving averages. No buy signal/pattern in place as of yet.

The daily chart shows early buyers at prior key level of s/r. Resistance is currently at the prior low of $20.35. This morning, buyers gapped up the price, but soon sold off towards the end of the day. No strong buy pattern/signal in place as of yet.

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