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Positive Candidate -Medium term, Sep 16, 2010 Analysis Explanation
FRENCH CONNECTION GROUP is within a rising trend, which indicates a continued growth. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 45.64. Further rise to 86.62 or more is signaled. The stock has broken up through the resistance at pence 47.00. This predicts a further rise. In case of negative reactions, there will now be support at pence 47.00. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. The RSI curve shows a rising trend, which supports the positive trend. The stock is overall assessed as technically positive for the medium long term.
Period Vol.bal. Volatility Liquidity +/- %
1 day - 3.02% 133.04 +5.85%
5 days 85.63 9.66% 34.31 +11.17%
22 days 58.13 26.55% 10.57 +1.53%
66 days 32.09 52.83% 19.52 +18.45%