Myanmar stocks oversold

AUSSINO (22 cents) – Volatility to continue

-         Temporary rebound is in force

-         Resistance at 21 cents

-         Move above 22.4 cents would be difficult

-         Support is at 16.3 cents

INTERRA RESOURCES (43 cents) – Temporary bounce, lower later

-         Resistance is at 48 cents

-         Prices are in downtrend

-         200 day moving averages provides some support at 38 cents

-         Break below 48 cents indicates target of 28 cents

IPCO (2.8 cents) – Temporary rebound

-         Any rebound is likely to be temporary

-         Resistance appears at 3 cents

-         Support is around 1.9 cents

NTEGRATOR (8.8 cents) – Some weakness ahead

-         Resistance is at 9.9 cents

-         Prices will probably fall after rebound

-         Support is at 4.8 cents

WE HOLDINGS (7 cents) – Short-term oversold

-         Rebound is imminent

-         Resistance is unlikely to go beyond 10 cents

-         Low of 5.4 cents may hold for now

YOMA STRATEGIC (75.5 cents) – Poised to break uptrend

-         Break below 72 cents would complete top formation with target of 54 cents

-         Prices are likely to have turned down

-         Resistance is at 81 cents

(Source:  TheEdgeSingapore, March 18 2013)