Saturday, February 02, 2008

Loblaws Update on 02.02.2008


Monthly chart shows price remains clearly in a down trend.

Weekly chart shows further weakness the last 3 weeks of January 2008. No buy signal/pattern evident on this timeframe.

Daily chart shows continued weakness. No buy signal/pattern evident. Possible consolidation for lower still. Next downside target is the $25 range.

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