ACTA 02.11.2007

Last time we looked at ACTA there were signals for divergence between the stock price and the RSI value. Indeed we got a bounce upwards Monday last week but the rest of the week showed negative movement in the stock price. Looking at the RSI curve we see that a positive trend channel is being developed but in order to confirm the validity of the trend channel the support level must hold. If the stock price falls down to about 19.60 NOK there needs to be a bounce up from the support level again. If this occur there is good chance for a stock price movement up to about 22,40 NOK at first. As said before there is a divergence between RSI values and stock price here so there is a good chance for the long term negative trend to be broken and the stock price to rise in the long run again.