Sunday, December 16, 2007

UNM Analysis for 12.16.2007

UNUM Group

Monthly chart looks like it has 5 waves up into .786 fib resistance.

Weekly chart shows consolidation with renewed selling last week, creating a bearish engulfing pattern.

Daily chart shows kicker type signal pattern in place with Friday's trading action. Major shift in trader/investor sentiment. Look for continuation lower.

No comments: