Belships Skibs 19.10.2007

Belship has been in a long rising trend but are now in the higher part of the trendchannel where there seems to be strong resistance that can prevent further rise for the stock for a while. Most likely the stock will move downwards to the supportlevel at about 25 NOK. The reason why we can say this is because of the falling RSI tops. In order to get higher stock price for BEL now RSI needs to rise and break through the falling trendline at level about 81 otherwise the stock will fall.