If the 1.00 breaks down, it can signal a bearish indication... as that is a key psychological level...
Wednesday, July 25, 2012
Monday, July 23, 2012
NOBLE GROUP CHART - Nearing ultimate support at 1.05 level again..... tested a total of 5 times since last year November till now. NOW AT 1.06
Can consider locking in some position near critical support level from 1.05 to 1.06.... take profit for any rebound above 1.10 for a short term trade.
Has been holding above this 1.05 level since November last year to now already, tested 3 times exactly in May and June this year.
Tuesday, July 17, 2012
Friday, July 13, 2012
UPP CHART - Currently at 0.355..... tested and broke above the 0.35 yesterday, more confirmation needed. Target to 0.45 possible, look at gap...
Will go for a short term positive trade if the 0.36 sellers clears out... grab at 0.36 with a stop loss at 0.335. Now at 0.355 !Top 20 volume seen currently, increasing gradually which shows interest back in this counter after break out of 0.35 critical level. (Tested 3 times for about 2 months and failed to break above)
QINGMEI GROUP CHART - Broken away from consolidation phase below 0.08.... was below this level for about 2 months. NOW AT 0.082
Thursday, July 12, 2012
GSH CORP CHART - Strong volume still seen currently, now at 0.095, above yesterday high of 0.093 which signifies strength.
GENTING SP CHART - Broke down of support at 1.38... now at 1.37.... tested 5 times and finally broke down...
More downside possible to find new support... Probably strong support at 1.30