Saturday, January 16, 2010

Stock watch for next week

Redtone just broke up from the trend line 0.35 on last Friday. Potentially it will retest the short term resistance 0.48. Bollinger band expanded 36% and MACD line hooked up again. Closing price on Friday is 0.375.

Other bullish indicators
Volume increased by 59%
RSI stay at 76.47
STC %K= 86.67, %D= 82.35
Momentum head up above zero
The nearest resistance is 0.385 and the support is 0.35.

GHLsys just broke up from the trend line 0.445 on last Friday. Potentially it will retest the short term resistance 0.48 and 0.56. Bollinger band expanded 57% and MACD line started to trending up. Closing price on Friday is 0.455.

Other indicators are getting more bullish:
Volume increased by 233%
RSI stay at 68.97 toward the threshold 70
STC %K= 64.29, %D= 49.09
Momentum head up above zero
The nearest resistance is 0.48, 0.56 and the support is 0.42

Other potential watch list

Insas, DRBHicom, GUH, Glomac, HAIO. CresBLD, KSL & Fajar