Wednesday, September 12, 2007

PHG - Analysis for 09.12.2007

Royal Philips Electronics - another play for white-light LED

The monthly chart shows uptrend remains intact for now. Currently the .786 fib is resistance, where profit-taking took place.

Weekly chart shows uptrend remains intact, with the 89sma and lower bollinger band as support where early buyers showed up.

Look for test of the highs and higher as possible.

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