Weekly Chart Analysis - I've been following the decline of Eastman for a long time now. Based upon the current weekly chart, it does not appear that there is a bottom is sight at the present time. Due to oversold conditions and mild bullish tension in the MACD however, their could be a bounce in the price back to perhaps the 10 or 20 week moving averages seen on the chart below. That would be a normal occurance. EK - Weekly Candlesticks
Means nothing but gave me a laugh. My friend works for Bank of America and have his house for sale...does that mean BoA is going BK?
May be these Kodak managers are selling small houses in anticipation of a big move ahead and will make a killing with EK stock and buy bigger million dollar homes next year? What do you say??
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