Forest Oil Weekly Analysis

eWallstreeter | eWallstreeter | July 9, 2011 10:08 am

Forest Oil (ticker: $FST) has been a great study for Technical Analysis over the last 3 years giving many true signals. Look at the weekly chart below. There are two sets of Fibonacci lines measuring from the 2008 high to the March 2009 low in the purple and from the March 2009 low to the February 2011 high in gray. There are also a set of…

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