Weak Positive Candidate (Medium term) - Dec 22, 2006
Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. Has risen strongly since the positive signal from a double bottom formation at the break through the resistance at 23.75. The objective at 26.35 is now met, but the formation still gives a signal in the same direction. The stock is approaching the resistance at p 28.00, which may give a negative reaction. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend. The stock is overall assessed as technically slightly positive for the medium long term.
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