Money Sense


Wednesday, October 3, 2007

Stocks Note

Pointing out potential stocks,

1. Armstrong Industrial Corp Ltd
- Inverted Head & shoulder pattern formation. Possible bullish breakout at $0.455. Could be a trap too. Trade with caution.

2. Asian Micro Holdings
- Testing strength at $0.11 barrier. Once barrier broken will continue uptrend.

3. Aztech Systems
- Still on the downtrend. Do not try bottom fishing yet as chart still did not show full signal. To monitor few more days for MACD cross over although RSI shows oversold.

4. Inter-Roller Engineering
- Uptrend intact and confirmed. MACD crossing positive zone. Long-term target price $1.30.
Short-term target price $0.95.

5. Showy International
- Potential reversal to uptrend. To monitor a few days for Parabolic Sar turns green. To break $0.815 barrier to confirm uptrend.

6. Transmarco
- $0.81 good entry point to confirm uptrend. MACD crossing positive.


These are just plain guides. But extra precaution should be taken into consideration. I would suggest investors to stay at the sidelines first, until the signs are clear, consider jumping back later.

Cheers and good luck!