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Tuesday, January 8, 2008

DFNN: Rising Wedge

DFNN indeed a rising wedge, which is a bearish reversal. Right now, it is near the downside breakdown price @ 12.50.

Hmmm, some resource says that this might do a pull back at it's previous support @ 15.25 being continuing to trend down. So, those who were not able to get out still has a chance.

Now, I want to see if this issue will indeed make a pullback just to confirm that claim on rising wedge behavior that after it breakdown, it will make a pullback and continue to trend down.