The day after earning report:
Even the strong earning report for 2Q08 cannot turn the trend around;
the gap down today open at $14.17 from yesterday's close at $14.76 shows sign of weakness.
It had gone under $14 to lowest at $13.8 and closed at $14.11. It remain the first support as mentioned yesterday.
Summary, it is still bearish and the resistance of EMA200 ($14.85), weak support at $14, next support will be $13.
Saturday, August 30, 2008
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