LBS – Our watch list on 09/12/09 today broke out resistance at 0.485 and goes as high as 0.52 before close at 0.50. Now it faces some resistance above 0.50. If it can be supported above 0.485, the chances of breaks through and retest 0.52 is still intact. However we need more volume to support the stock price.
PRDUREN - Our winner list on last Friday, today volume continue to increase to 16K lots. Share price up 12.4% and closed at highest at 1.00. Look like the up trend wil continue tomorrow.
Stock to Watch
PLS - Volume broke out and broke new high at 1.30. The pattern same as HumeInd and ENG, potentially a short-term uptrend. Place it in your watch list.
Etitech had been falling from about 0.85 since 13/10/09. The stock price found some support at about 0.455. If the stock price rebound from here and sustain above 0.47 or higher (OH), a bullish divergence signal is formed. However if you acquire the stock at above 0.47 but somehow it cannot sustain, you need to cut loss below 0.45. Please refer to the chart below.
TAKE NOTE: Our chief technical analysis guru, JK Kang will post additional stock watch tonight. Please login again to check this Blog.
