Temporary pause in tech-stock surge

AMTEK ENGINEERING (73 cents) – Attempting to clear moving average
- Prices are set to move above 200 day moving average
- An earlier break above reverse head and shoulder pattern indicated a target of $1
- Support is at breakout level of 73 cents

ASTI (7.8 cents) – Temporary retreat
- Prices are overbought in the short term
- Any retreat should find support at 200 day moving average of 7.5 cents
- Resistance is at 10 cents

STATS CHIPAC (53 cents) – Breaks above 200 day moving average
- Break above 200 day moving average appears to be sustainable
- Break indicates a target of 75 cents
- Gradual uptrend is developing

BROADWAY (47 cents) – Overstretched, set for retreat
- Prices surged following break above 35 cents
- In the short term surge is unsustainable and prices may ease
- During corrective phase, prices should not fall below 46 cents

FU YU CORP (8.4 cents) – Breaks above 200 day moving average
- Prices have broken 200 day moving average
- Prices could consolidate briefly but should stay above 200 day moving average
- Break out indicates target of 12 cents

CREATIVE TECHNOLOGY ($4.12) – Set for retreat
- The sharp surge in prices is unsustainable
- This counter has disappointed several times
- Support should appear at $3

(Source: TheEdgeSingapore February 27 2012)