KRAFT FOODS INC. - KFT
Monthly chart shows ab=cd or 1:1 pattern in place with resistance at the .618 fib level.
Weekly chart shows price stuck in a large consolidation range, with price currently below all key moving averages.
Daily chart shows small consolidation range in place. Friday's price action saw sellers in a hurry to get out of the stock and gapped down the open. Early sellers saw buyers stepping back into the stock, where they closed the gap, only to find increased selling pressure once the gap was closed, and price closed near its lows. Look for continuation lower next week.
Saturday, November 10, 2007
KFT Analysis for 11.10.2007
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