ACTA 28.11.2007

Last time we looked at ACTA we expected a fall down to the support line the following days. We now see that this was exactly was happened. The stock price touched the support line and have for the last 5 days moved up. We also said that we were generally positive to the stock. 4 days ago the 6 months falling resistance trendline was broken by the rising stock price. Combining the price chart with the RSI chart we see that there is good correlation. We also see that the RSI has bounced of the rising RSI trend (now) support line. The rising RSI that we now see in this chart is a good sign for further rise in stock price. Looking at ADX we also see that the value is low indicating a break in the previous trend that we had in stock price and formation of a possible new trend upwards. It is still early to say how this will go but we are still positive to the stock.