Saturday, June 22, 2013

Situational stocks inflate

ENVIRO-HUB  (12.7 cents) - Short-term overstretched
- Prices surged breaking above its moving averages
- Quarterly momentum broke above its equilibrium line
- Retreat could be temporary
- Support appears at 11.9 cents
- Break above 12.8 cents indicates an objective of 15 cents

HIAP TONG CORP (27.5 cents) - Uptrend intact
- Counter has been on a steady uptrend
- Volume is expanding particularly on white candle days
- Resistance is at 31 cents
- Support is at 27 cents

ISDN HOLDINGS ($1.42) - Upmove appears overstretched
- Prices are attempting to break above $1.35
- Break above indicates move towards $1.65
- Support appears at $1.35

YONGNAM HOLDINGS (37.5 cents) - Steady uptrend
- Resistance has been established at 38 cent level
- Stock has outperformed market
- Successful break indicates target of 45 cents
- Support is at 35.5 cents

ROWSLEY (44 cents) - Sideways consolidation range
- Prices have been within trading range
- Support has been established at 42 cents
- Quarterly momentum appears to be bottoming
- Eventual break above resistance at 48 cents indicates target of 60 cents

CNA HOLDINGS (15.2 cents) - Volatility abates
- Volatility has abated considerably
- Resistance has been established at 17 cents
- Support appears at 15 cents
(Source:  TheEdgeSingapore June 24 2013)


No comments:

Post a Comment