Eltek 15.11.2007

Eltek has been in a downward moving trend since early 2006 and is still in this negative trend. However is there any chance for this trend to come to an end soon or at least have a small break? Looking at the price chart we see that the price touched the support line three days ago and formed a new low. Combining this with the RSI chart we can identify the same low but in the RSI chart the low is higher than the low formed October 22nd implying a positive divergence. With this in mind it seems that the resistance line in the price chart is about to be tested some day soon, and maybe break out from this falling trendchannel.