ACTA 06.11.2007 -a small update

Lately we have been looking at ACTA as a possible stock for a coming rise in stock price. We have said earlier that there is support at the 19.60 NOK level. This level was tested today and so far it still holds. The volume has fallen since last top which is a good sign. Looking at RSI we see that it still corresponds very good with the price chart. Looking at the two charts together it is now time for an upward movement in price unless the support level fails. If the support level fails we would expect higher volume and a possible fall down to 17-18 NOK at first. But as it looks now there is some chance for a coming rise in the stock price the next few days.