Sunday, November 1, 2009

S-Chips break support

SINOTEL (57.5 cents) - Breaking support
- A break below 59 cents would cause a break below the neckline of a top-like formation
- Break below 59 cents would indicate a target of 46 cents

SINOMEM TECHNOLOGY (54 cents) - Breaks top formation
- Price broke a top like formation at 59 cents
- Break indicate a target of 46 cents

MIDAS (82 cents) - Poised to break 100 day moving average
- Prices appear poised to break the 100 day moving average of 82 cents
- Break below 80 cent indicate a target of 70 cents
- Move above 85 cents would reverse the breakdown scenario

EPURE INTERNATIONAL (58 cents) - Testing 100 day moving average
- Price has broken the 50 day moving average of 60 cents
- Neckline is at 54 cents
- Break below 54 cents indicate a target of 43 cents

CHINA AVIATION OIL ($1.10) - Breaks down from the top
- Price is testing support at $1.07 to $1.09
- Breakdown would indicate a target of 85 cents

YANLORD ($2.29) - Dead cross
- Prices have just fallen below the 50 and 100 day moving average at $2.40
- The next support is at $2.20
- Break below would indicate a target of $1.54

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