Monday, August 24, 2009
China Hongx
 Potential bullish ascending triangle. Resistance at 22.5 cents (Neckline). Supports are its 50-day, 100-day and 200-day simple moving averages (All are very near to one another). Not an inducement to trade. |
Thursday, August 20, 2009
ChinaAElec
 Potential bull flag or pennant. Immediate support is 13.5 cents. Next support is between 11.5 - 12.5 cents (Gap support). A break above 15.5 - 16 cents with huge volume should see further upside. Not an inducement to trade. |
Thursday, August 13, 2009
Penguin
 Penguin brokeout upside from trading range of 10 - 13 cents with huge volume. Potential target is around 16 cents. Not an inducement to trade. |
Biosensors
 Potential cup with handle chart formation. Breakout point is 58 - 58.5 cents. * Volume tends to parallel the price formation. During the handle formation, watch for the price and volume to increase. An increase in volume is an indication that the pattern has potential to continue the uptrend, and ascend beyond the right side of the cup. * Not all cup with handle chart formation will breakout upside. Not an inducement to trade. |
Tuesday, August 4, 2009
Ellipsiz
 Potential cup with handle chart formation. Breakout point is around 12.5 cts - 13 cents. * Volume tends to parallel the price formation. During the handle formation, watch for the price and volume to increase. An increase in volume is an indication that the pattern has potential to continue the uptrend, and ascend beyond the right side of the cup. * FY2009 results - 12/8/2009 (Results will affect share prices directly). Not an inducement to trade. |