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Saturday, August 19, 2006

 

statschippac

This is technical chart of statschippac. Statschippac break up from downtrend channel on Aug 11 and move up all the way to 1.05. It is no doubt a third wave that brought statschippac share price to 1.05 from 0.87. From the technical indicator, we can see that CCI, stochastic and RSI are all in overbought region, a slight pullback could be due to correct the overbought. As statschippac could be in wave 4 next week, we can hold when it is going through wave 4 and be prepare for wave 5...

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