Saturday, January 12, 2008

SunShine

SunShine ($0.25, 20081111):

Tested and broke below two important supports at 0.365 and 0.29, now may test the next level at 0.23. Excellent buy-in opportunities existed around last September and sell-off after the double sell signals appeared in November (blue and red arrows respectively). As off now, all indicators look bearish:


Saturday, January 05, 2008

China PowerPlus

China PowerPlus ($0.23, 20080104):

It has been on a downtrend since Mid June, 2007, down from a high of 0.445 to the current low at 0.230 with thin volume. Most indicators are still bearish now as highlighted. Could be a good long-term investment to consider if dips further to the lower 0.20 range:



Friday, January 04, 2008

Sino TechFibre

Sino TechFibre ($0.70, 20080111):

Since the last sell signal (Chart 4), share price continued to fall and broke below the Lower Price Band (Chart 1) with increased volume (Chart2). All indicators are extremely bearish:


Sino TechFibre ($0.885, 20080104):

Closed with 52-week low. Price action and all indicators are very bearish:


Sino TechFibre ($1.27, 20071019):

Price crossed into the lower price band and touched the lower price line which served as a good support on last Friday. A sell signal had appeared recently and with the rapidly deteriorating indciators, it is expected to dip further below the support at 1.24 in the coming weeks: