Marine Harvest 07.12.2007

Here at www.mytraderscorner.com we are now getting more and more positive to MHG. The stock has fallen substantially the last few months, and it now seems that some of the negativeness is coming to an end. The overall trend in the stock is still very negative but there is now a small positive trend under development. We see this both from the price chart and from the RSI chart. Looking at ADX it is also clear that the negative strong trend is weakening.
RSI also show a breakout from the negative trend. Target for now is set to about 4.40 NOK with a potential fall down to about 3,30 NOK at first.