Sunday, June 01, 2008

Tempur Pedic Update for 06.01.2008


Monthly chart remains quite weak. No buy signal in sight. Price is well below all key moving averages, especially the 8ema. Will the low hold, or will it is break? Pattern indicates likely break and lower low. Only time will tell.

Weekly chart shows consolidation and bear flag pattern. Look for lower low as likely based on this pattern.

Daily chart shows continued weakness, and consolidation. Definitely no buy signal as of yet. Look for further weakness and would not be surprised if the stock makes a lower lower.

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