HOLOGIC INC. - HOLX
Monthly chart shows possible 5 waves up into 1.618 fib resistance at the $69 area. Move up into high was made with divergence. However, uptrend remains intact with no confirmed sell signal as of yet.
Weekly chart shows more clearly the 5 waves up from the $35.48 low. Dark cloud cover candle pattern indicates initial selling at the all time high. Last week's price action shows indecision between bulls/bears.
Daily chart shows renewed selling last 2 days of past week. IF there is continued weakness THEN look for initial support at the $63.18 high.
Saturday, October 27, 2007
HOLX Analysis for 10.27.2007
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