SHIP FINANCE INTERNATIONAL LTD - SFL
Monthly chart shows resistance at the $31.75 area where profit-taking and sellers came out in force, taking price down to test the key LIS at the $26 level.
Weekly chart shows the price below the 34ema and the 8ema. 
Daily chart shows an abc corrective pattern in place. Sellers came out in force last week, taking the price lower towards the end of the week. Look for continuation lower in the weeks to follow.
Saturday, November 03, 2007
SFL Analysis for 11.03.2007
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