Recap

Portfolio Updates

Hi readers, just a quick recap on what were the items I had published before and pending my decisions ;

1. Pine Agritech Limited
14th September 2007
Good to buy at $0.44. Target price to sell at $0.59. Cut loss at $0.38.

Remarks: Currently trading highest @ $0.565. MACD crossing positive territory, SMA curving up, run away gap-up spotted, form new peak with exceptionally high volume! Fibonacci Retracement placed 50% at $0.47, 100% at $0.585. It will test it's strength at $0.585 barrier. If it breaks through, will expect a pullback to $0.585. If it never cross $0.59, then to sell at $0.585. Honestly, although it feels good to sell and take profit now, try to control the fear and overcome the greed !

My Call: Hold

2. Lorenzo
12th September 2007
@ $0.40 (Target price $0.56. To cut loss at $0.34 as $0.345 is the support line. Next immediate support is $0.29)

Remarks: Currently trading highest @ $0.40. MACD positive, RSI not overbought yet. Bollinger squeeze sighted. Closing price chart shows it touching the SMA, expecting a rebound soon. Short-term target price @ $0.425.

My Call: Hold

3. Metal Comp
12th September 2007
@ $0.125 (Target price $0.20. To cut loss at $0.105 as $0.11 is the support line. Next immediate support is $0.09)

Remarks: Currently trading highest @ $0.135. MACD positive, RSI slightly overbought. Bollinger squeeze also seen here. Parabolic SAR still in green zone. Closing price chart shows a rebound after touching SMA at $0.125. Short-term target price @ $0.15. If barrier broken, then Mid-Long term target price revised to $0.19.

My Call: Hold

4. Progen Holdings
12th September 2007
@ $0.105 (Target price is $0.19. To cut loss at $0.075 as $0.08 is the support line. Next immediate support is $0.065)

Remarks: Currently trading highest @ $0.10. MACD showing slow yet steady crossing over to positive territory with a healthy RSI. Second round of Bollinger band squeeze sighted. Parabolic SAR in green zone. Closing price chart displaying a near-touch of the moving average. Short-term price @ $0.13. If resistant line of $0.13 broken, we shall see it touching $0.19 without any hassles.

My Call: Hold



Disclaimer: This is just a guide! Do not blindly follow suit as it is also your responsibility to do your own research.