Sunday, December 16, 2007

AZ Analysis for 12.16.2007

Allianz SE - AZ

Monthly chart shows current resistance to be at the $24.20 high made in June 2007. Price is currently trading below the 8ema.

Weekly chart shows double top made at the .786 fib as previously noted. Head and shoulder chart pattern in place. Last week's price action created a dark cloud cover candle pattern. Look for continuation lower next week.

Daily chart shows price to be below all key moving averages. No buy signal or pattern in sight. Look for lower.

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