WN-tc (George Weston Ltd) Analysis for 08.26.2007

Monthly chart shows weakness, with price stuck in a narrow trading range for the last year. Price below all key moving averages and closer to the lows of the past year. Look for further weakness and first downside target to be the .786 fib level of $60.90 area.

Weekly chart shows weakness, with no real buying interest. Look for price to test the current low, and then a break for further downside to $60 area as possible given the current price action.

The daily chart shows support currently to be in the $72 range. Price is below all key moving averages. Friday showed some early but weak buying activity.