Money Sense


Thursday, October 11, 2007

11th October Quick Updates

1. Pine Agritech Limited buy at $0.44 , high at $0.55, +25%
Falling Wedge in an uptrend. Could be a symmetrical triangle pattern too. If upper symmetrical line broken ($0.555), it is a very bullish signal. Fibonacci Retracement set 0% at $0.32, 50% at $0.47 (gap up), 100% will be at $0.62. Long term target price is $0.62.

2. Lorenzo buy at $0.40 , high at $0.44, +10%
Pull-back expected to be $0.41 (support line), followed by another rally. Possible rounded-bottom bull? Cup and handle pattern formation completed. Overall uptrend still intact.

3. HLG buy at $0.39, high at $0.375, -3.84%
Expecting to rebound upwards at $0.355 if there is a continous uptrend. Consider to cut loss at $0.32.

4. Jasper buy at $0.025, high at $0.025, +/-0.00%
20d and 50d MA going to kiss each other. Flag pattern is considered here. Break out will be $0.35.

5. SMB United buy at $0.40, high at $0.40, +/-0.00%
20d and 50d kissed each other today. Could be flag or a rising wedge in the beginning of a downtrend? Consider staggered cut loss at $0.365 and $0.34. $0.375 seems like a good support line.

6. Armstrong buy at $0.455, high at $0.46, +1.09%
Support line at $0.415. Resistance at $0.46. Bollinger band squeeze. Consider stagger cut loss at $0.41 and $0.39.

7. Ellipsiz buy at $0.55, high at $0.525, -4.54% (Prepare to sell!)
Support line at $0.505. Resistance at $0.575. Consider staggered cut loss at $0.495 and $0.425.

8. Informatics buy at $0.09, high at $0.085, -5.55%
Could be a flag pattern? Consider cut loss at $0.65 as $0.7 is support line.

9. BBR buy at $0.115, high at $0.12, +4.34%
Ascending triangle pattern. To break $0.125 resistance line. Also to consider cut loss at $0.10.

10. CSC buy at $0.375, high at $0.37, -1.33%
Temporary correction due to volume decline as price fall. Strong support line at $0.34.

11. MDR buy at $0.075, high at $0.075, +/-0.00%
Similar case to CSC. Support line at $0.06.



10th October sold list:
1. Hiap Hoe buy at $0.99, sold at $1.08, +9.09%

9th October sold list:
1. Metal Comp buy at $0.125 , sold at $0.125, +/-0.00%
2. Progen Holdings buy at $0.105 , sold at $0.11, +4.76%
3. Koh Bros buy at $0.47, sold at $0.48, +2.12%
4. Asian Micro Holdings buy at $0.11, sold at $0.125, +13.63%
5. Transmarco buy at $0.81, sold at $0.83, +2.46%
6. China Auto Corp buy at $0.13, sold at $0.14, +7.69%