- Quaterly momentum remains intact
- If support at 65 cents holds, and prices move above 69 cents, a measuring objective of 84 cents is indicated
FALCON ENERGY GROUP (86.5 cents) - Attempting breakout
- Prices have run into resistance at 87 cents
- Support has been established at 81 cents
- A successful breakout indicates a target of around $1
SINOMEM TECHNOLOGY (63.5 cents) - Forming staircase
- Prices need to break out of 66 cents
- A successful break would indicate a target of around 80 cents
- Support has been established at 60 cents
C2O HOLDINGS (52.5 cents) - Technically promising
- Resistance is at 57 cents
- The trend remains up and an eventual breakout would indicate a target of 69 cents
COSMOSTEEL (58 cents) - Attracting punter interest
- Technically, quarterly momentum has turned up
- Target remains at 67 cents
TRI-M TECHNOLOGIES (77 cents) - Support at 200-day moving average
- Support is at the rising 200 day moving average at 70 cents
- Resistance has been established at 90 cents
(Source: TheEdge Singapore September 21, 2009)
No comments:
Post a Comment