Chart Talk

BOC shares rallied from last week’s low with the price action resembling the action in November 2005 when on 25 & 30, the 90-day was tested twice (at 2.24) and held and from where the previous rally started. BOC shares may continue higher from here to 4.28, or 50% of the big move from 4.70 to 3.80, or alternatively return back to test the 90-day, now at 3.82 one more time, which if seen, will be a good opportunity to load up. Stops suggested below break of 3.55 to protect from a move t 3.44, which is seen as bottomish and corresponds to EUR 6, the previous low hit on Sophocleous.

RSI: 47.11 5-day: 3.99 10-day: 4.21 30 day: 4.28

Supports: 4.00, 3.82, 3.44 Resistance: 4.28, 4.31, 4.39

S/Term: Positive M/Term: Neutral L/Term: Positive

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