trying to figure out the science and art of trading and investing

an exchange of trading and investing knowledge. the various postings in this blog are based on my personal opinion only and do not constitute as investment advice. The blog owner shall not be liable for any losses incurred by visitors who take investment action based on the postings.

Wednesday, November 22, 2006

Brilliant

Higher close with higher indicator and volume. 38.5 to 39.0 seen as temp support. EMA chasing price steeply. Looks like higher price to come. 40 cents would be a psychological resistance.

Trade summary shows from 38.0 cents on ward, resistance is getting stronger and stronger. If market sentiment is positive tomorrow, we might see a test of 40 cents again. Such impetus like reports and rumours would propel the stock higher.

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