Sunday, February 10, 2008

KFT Update for 02.10.2008

KRAFT FOODS - KFT

Monthly chart shows increasing selling pressure. No buy signal/pattern evident on this timeframe. Chart pattern is bearish. Look for a test of the $26.40 area low and lower.

Weekly chart shows price now below key LIS - "old support becomes new resistance". No buy signal/pattern evident on this timeframe.

Daily chart continues to show weakness. No buy signal/pattern evident on this timeframe. Look for continued weakness.

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