Saturday, December 08, 2007

CVG Analysis for 12.08.2007

Convergys Group

Monthly chart shows abc 3 wave pattern into $27.22 high. Sellers took it down to the .786 fib support.

Weekly chart shows bullish engulfing candle pattern made with last week's price action. Look for upside follow through next week.

Daily chart shows a double bottom being made, with strong buying on Thursday and Friday of this week. Look for continuation next week, with a test of the current high at $19.20.

No comments: