Sunday, December 02, 2007

$RUA Analysis for 12.02.2007

Monthly chart current uptrend remains intact, despite the profit-taking/selling at the current high. Support is currently right at the open for the year. The last move up has been made with divergence. Monthly close currently right at the prior high and key LIS. This needs to hold in order to see higher.

Weekly chart shows early buying by bulls.

Daily chart shows Friday's price action found resistance at the 200sma.

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