Sunday, October 07, 2007

SNDK Analysis for 10.07.2007


Monthly chart shows price to be stuck in a range. Current resistance is at the $60 level.

Weekly chart shows short term resistance at the $55 area, which happens to be the mid-point of a prior large red candle.

Daily chart shows a doji with a gap down. Look for further downside next week. Next downside target(s) to look for: $45, $41, and then test of the $36 area low.

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