Psei Technical Analysis Oct 8
October 8, 2007 by dragon

PA DAILY
Due to numerous requests on "what to do next", We start this week's discourse with volatile PA. What a week it was, attempting to reach for the upper end of the channel (blue line at top near .29-.30), but to no avail, thus heading back down hugely today. Encircling the tops, the price bar indicates a higher high with .215 last early September, and now .28 just today. However, since prices have already begun to head down, we may now identify its corresponding macd as forming lower highs (also encircled in green below), thus forming a bearish divergence. The initial effect of this evident weakness will bring PA back to its uptrendline channel support at .20, and a precarious position threatens it, but that would be preempting too much. . .

OM WEEKLY
Featured in the weekly chart above is Omico. Encircled in green is a shot in the arm, a jolt if you may, to wake us up that a major trend change is about to happen as the macd may begin to cross upwards soon. The green arrow is only indicative of prices that may happen, though possibly but not surely on a straight line back above .021 in an as of yet indeterminable number of days. Although initial resistance would be at .018
NIhao WEEKLY
A similar "come from below" MACD buy signal is coming from Nihao's weekly chart, also signalling a major trend change upwards is in the offing. Green arrow points to 29.50, as also seen below in Nihao's Daily chart.


TUNA DAILY
Tuna was revitalized immediately after hitting the lower part of the downtrend channel, aggressively attacking and breaking out of the upper channel. Targets the green arrows are pointing at are 2.22-2.30.

ISM WEEKLY
chart still shows consolidation is in effect before a retest of .055


















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