Thursday, December 22, 2005

Nera Telecom (N01) Updated



Nothing really pretty to talk about as in Chart 1. I would think it would be more of a short term downside than upside. Why? A recent black candle occurred ,and as in chart 2, we can see Double Top inching to perfect its pattern. Similarly Dead Cross is about to form! All in all, a very Oversold Near term with Longer term trend still intact; as exhibited from the Stock still way above the 50 EMA

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