GGS 05.11.2007

The stock price made a new bottom on Friday defining a new support trend line. The trend is still rising for the short term trend channel but with a long term falling trend channel still present. The short term rising potential is 1,92 NOK with support at about 1,68. RSI also confirms these values. The trend channel is more or less sideways as can be confirmed from the low ADX value. In a situation like this the actual value of RSI can be important. RSI value today is 46 indicating neither an oversold or an overbought stock. Therefor stick with the defined trend channels.