Need to test and break through 7.80 before making another low. This breakout could be a wave 5 extension. Over the next several days FLWS could test $6 and if it holds as support then we will rally for a $1.40 minimum target.
Tuesday, August 12, 2008
FLWS Update2
Need to test and break through 7.80 before making another low. This breakout could be a wave 5 extension. Over the next several days FLWS could test $6 and if it holds as support then we will rally for a $1.40 minimum target.
FLWS Triangle
Monthly Charts show a triangle that is in its final decline before the breakout. The triangle breaking out down should result in the company bankruptcy. On the bullish side however, the triangle breakout should be the result of a takeover.
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