Monthly chart shows support off the $36.22 area, which happens to be the 89sma. Early buyers stepped back into the stock in August. Move up off the current support was made with regular divergence. First upside target is the $53.00 area.
Weekly chart shows bullish engulfing candle. Initial selling was met with buying, with backend support currently holding.
Daily chart shows $46 area as current resistance. However, price is above all key moving averages on a daily basis.
Sunday, September 23, 2007
WFMI Analysis for 09.23.2007
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