OSEBX 19.12.2008 «
On Friday OSEBX ended at 218,68, down
0.9% from the day before. Looking at the price chart we see that
OSEBX has trouble breaking out of the weakly falling trendline.
Combing the price chart with the RSI chart we see the same situation.
RSI is topping out at the rising trend line. The positive thing we
see in the RSI chart is that the newly formed trendchannel is rising.
If there is not a breakout from the resistance line seen in the price
chart it seems that OSEBX can fall to about 200 in the coming days
as both the RSI channel and the price support line in the charts
indicate. ADX is indicating a slowing down in the negative trend and
OSEBX is moving more into a sideway movement.
SB
