Comment: Today's close exhibiting a Bearish Shooting Star (http://tinyurl.com/2bdckv) pattern and current overbought MACD may indicate a normal retracement for the next few sessions. A HOLD is the typical recommendation until the pattern is confirmed.
The Fibonacci 50% retracement of the base leg is in the .1028 region, and quite close to the breakaway gap fill of .0990 on 11/13/07. If accurate, the extension target is in the .239-.276 region, which equates to the 01/05/07 and 03/08/07 prior highs of .25 per share. Good trading to all.
Disclosure: Any chart technical analysis provided is my personal technical assessment of the indicated stock and should not form the sole basis of any buy or sell decision making by any reader. Any decision to buy or sell any stock should be made only after careful due diligence on the part of the investor, and not be based upon any third party information or investigative data.
► Any comment provided is my personal assessment/opinion of the indicated stock. "When the gods wish to punish you, they grant your wishes. Therefore be careful of what you wish for."