Saturday, November 17, 2007

BEBE Analysis for 11.17.2007

BEBE STORES - BEBE

Monthly chart shows bearish gartley butterfly in play - since we have passed the .786 fib target, the next one is 1.27 fib at $9.42ish.

Weekly chart shows price currently at prior support - at the $13 level. No buy signal in sight.

Daily chart shows a 3 wave pattern in place, and below key s/r of $14.15ish. Sellers came out the last three days of the week. Look for continuation lower this coming week.

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