Saturday, December 15, 2007

AVP Analysis for 12.15.2007

Avon Products Inc. - AVP

Monthly chart shows a lower high made at the .786 fib level. The move up into the .786 fib level was made with 5 waves, and with divergence in the CCI momentum indicator.

Weekly chart shows strong selling pressure the past week.

Daily chart shows a lower high made. Look for continued weakness and lower still based on higher timeframe chart pattern.

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