Makeover for micro-caps

COSMOSTEEL (51.5 cents) - Attracting punter interest
- To maintain momentum, prices would need to clear the 52 cent mark
- Break indicates a target of 67 cents
- A break below 48 cents negates this view

FRENCKEN GROUP (26 cents) - Technically promising
- Next resistance appears at 34 cents
- Immediate support is at 25 cents

FRIVEN & CO (5.5 cents) - Approaching resistance
- Despite the improving technicals, this counter is rated as high risk

INTERRA RESOURCES (23.5 cents) - Top of consolidation range
- Prices may attempt a breakout of a four-times-tested resistance at 24 cents
- A break above 24 cents indicates at target of 32 cents
- Support is at 23 cents

SILVERLAKE AXIS (30 cents) - Overextended
- Support is at 27 cents
- An eventual break above 34 cents provides a sharp measured-move objective of 42 cents

YOMA (10 cents) - Challenging resistance
- A break above 10.5 cents indicates at target of 16 cents
- Support is at 9 cents

(Source: TheEdge Singapore September 14, 2009)