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Saturday, July 22, 2006

Celestial Nutrifoods

As requested by mininvestor. By the looks of Celestial's trendlines, price is likely to be rangebound below 1.40 and supported by recent support at 1.30. Looking at the RSI, Celestial may weaken to near 1.30 before staging a rally by mid of next trading week to attempt a breakthrough from 1.40 to test 1.60 again, its recent high. Take note that in the event of 1.30 support taken out, next significant support is at 1.10.

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