Friday, October 06, 2006

A Comparison Among 3 Groups of Stocks (06 Oct 2006)

A Comparison Among 3 Groups of Stocks (06 Oct 2006):

15 Aug 2006 was used as the reference point for the comparison, as it was the date when the 3 groups started to go different ways:

1. The China Stock Group (Black, comprising the Prime Partner's 25 China Index Stocks) had bottomed up and is testing its current resistance level;

2. The Precision Plastic Group (Blue) has been rising. The more outstanding ones are Meiban (Bullishness 25, Bearishness 8) and Hi-p (Bullishness 29, Bearishness 11).

3. The China Pharma Group (Red) continued to fall. In this group, Star Pharm had made a noticeable recovery towards the last couple of trading days but the volume was low.