Brilliant
Credit Suisse ups Brilliant from $0.25 to $0.35. It says that the worse is over but prospects are not compelling.
Lets see from a technical point of view.
Brilliant has risen from its low of $0.22. The last month, it has test $0.30 once. Today, with the report out, it is unable to break $0.30. It is either Brilliant breaks the key resistance tomorrow or there will be a pull back before making another attempt at $0.30 again.
Volume has also increased and have been trading above the 50 volume average for the last 18 days. I would like to see it make $0.30 its support soon. Let hope wall street can provide some cataylst in the next few days to weeks to push this bugger up! Need some volume to ensure a concret push up.
Indicators are also looking good. Monthly MACD is about to make a golden cross.
Lets see from a technical point of view.
Brilliant has risen from its low of $0.22. The last month, it has test $0.30 once. Today, with the report out, it is unable to break $0.30. It is either Brilliant breaks the key resistance tomorrow or there will be a pull back before making another attempt at $0.30 again.
Volume has also increased and have been trading above the 50 volume average for the last 18 days. I would like to see it make $0.30 its support soon. Let hope wall street can provide some cataylst in the next few days to weeks to push this bugger up! Need some volume to ensure a concret push up.
Indicators are also looking good. Monthly MACD is about to make a golden cross.
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posted by Unknown @ 10/03/2006 09:14:00 PM
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