Friday, December 30, 2005

StatSChPac (S24) Updated as Requested


StatchipPac (S24) does not look well. Stochastic shown overbought, Williams’ R % and RSI curled down already. Also a bearish divergence MACD signal against the Price. Rubbing sour into the wound is the fearful look like “Head and Shoulders” set to complete its task.
The Dormant Black Candle today shall deter new buyers! Until the dust is settled, it may not be prudent to enter trade as today’s high volume on dip is surely dangerous!

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