Saturday, September 5, 2009

Shipyards show signs of strength

ASL MARINE ($1.05) - Breaks out
- Prices break above $1 resistance mark last month
- The move indicates a measuring objective of $1.26

YANGZIJIANG ($1.01) - Possible fatigue
- ADX is falling, suggesting that no clear trend is in force
- Prices need to break above $1.03 to reconfirm the uptrend

JES (21.1 cents) - At breakout point
- Prices are trying to clear a strong resistance level at 21 cents
- If prices clear 21 cent decisively, that would indicate a target of 32 cents

BAKER TECH (36 cents) - Clear uptrend develops
- Breakout above 30 cents indicates an initial target of 42 cents
- 44 cents is the twice tested resistance set in 2007

JAYA HOLDINGS (46 cents) - At support
- Breakout level is at 50 cents

BENG KUANG MARINE (24 cents) - Challenging resistance
- A break above 26 cents indicates a target of 34 cents

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