Genting SP has crossed above the 1.50 critical and psychological resistance level since June last year. Breakout seen on TOP 10 Volume currently.
As long as 1.50 is not broken below, a rise to test 1.55 seems possible. Short term target price to 1.60 is 1.55 clears out.
Stop loss at 1.48.
Top 20 Volume seen currently on breakout. Strong momentum still in placed as evidenced by only a short consolidation phase of 3 days before clearing 0.900 resistance level today again.
As long as 0.900 remains as the new support, upside to find a new resistance seems likely. 1.00 could be a possible target to watch.
Stop loss at 0.885 nevertheless
Has been consolidating from 0.22 to 0.265 since Aug 2011. Tested the 0.265 critical resistance a total of 5 times during this period but had failed to clear above. Top 30 Volume currently seem. Monitor closely.
A convincing break above the 0.265 level can see it rise to 0.29 in the near term. As long as 0.265 remains as the new resistance turned support level, more upside possible. A break above 0.29 can pave the way to 0.300 to 0.315 level.
Stop loss at 0.25 nevertheless
It has staged a breakout of the 0.265 resistance yesterday on strong penny stocks interest. Has been below 0.265 since May 2012 till yesterday. Currently at 0.27. A break above 0.300 convincingly can open the way to find a new resistance. Top 30 Volume currently.
As long as 0.265 remains as the new support, a rise to test 0.300 seems possible.
Stop loss at 0.24
Has been trading in the range of 0.195 to 0.21 for about a month. TOP 20 Volume currently seen. A clear resistance has formed at 0.21 tested 2 times within a month. Watch the break out above 0.21. Can occur soon on interest in penny stocks at the moment. Abreak above the 0.21 level can open the way to 0.23 to 0.26.
Stop loss at 0.198 nevertheless
Has been below this 0.45 resistance level since May 2010… Tested more than 8 times and finally cleared this level today. High as of now is 0.47. As long as 0.45 remains as the new support level, upside to 0.500 to 0.600 seems possible. A break above 0.500 would pave the way to head to 0.600. TOP 30 volume currently.
Put a stop at 0.43.
Noble Group has broken its near term consolidation phase at 1.25. Was below this 1.25 resistance for about 3 weeks and tested a total of 5 times but failed to clear above. This morning high was 1.265.
As long as 1.25 remains as the new support level, upside to test 1.30 seems possible. A break above 1.30 would open the way to 1.38. Top 5 VOLUME SEEN currently which has not been the case for a while.
Put a stop at 1.23.
Recap of earlier call made on this counter on 18th Jan 2012 last Friday. It has then broken the 0.92 resistance and came up quickly to test the 1.05 level. Possible to consolidate between 1.00 psychological support level and near term resistance at 1.05 for a moment before heading higher. A breakout above 1.05 could open the way to 1.15 to 1.18 level. All the best.
Some traders who would like to catch the breakout can consider accumulating some during the consolidation phase but you might have to wait for the surge.
1.05 will be the new support level on a successful breakout.
Watch the break out of Midas. Volume rising very rapidly as it tests the 0.55 level. Has been trading from 0.500 to 0.55 level for about 2 weeks consolidation. A recap of the earlier call which we had made on the 10th Jan 2013 for the breakout above 0.500…. Since then has been consolidating within the 5 cent range above the new support at 0.500.
As long as 0.55 now remains as the new support, upside to test 0.600 is possible. A break above 0.600 would open the way to 0.66 to 0.70 level.
Put a stop at 0.525.
Sound Global is currently testing its psychological resistance at 0.700. If it manages to stay above today, more upside can be possible. Volume remains at TOP 20 at the moment. You can see that it has been below this 0.700 level since June 2011 till today. As failed to crossed above it for about 4 times. Target will be at 0.78 to 0.800 level is 0.71 clears completely. As long as 0.700 remains as the a resistance turned new support, upside possible to target price.
Put a stop at 0.68 nevertheless.
Our system triggered a buy call for Sunvic today. Has broken above the resistance at 0.500, was consolidating below this level for about 3 weeks. Currently in top 5 Volume.
As long as 0.500 remains as the support level, more upside possible to test 0.54 to 0.56 level. 0.500 is also a psychological level that has cleared out. 0.51 going fast as I am typing.
Put a stop at 0.485.
Yesterday closed above the critical 0.600 resistance level which it has failed to clear in Oct last year. Volume in TOP 20 currently following yesterday breakout which can signify interest. Upside in the short term to 0.65 possible. As long as 0.600 remains as the new support level, may head higher to find new resistance before consolidating again.
Put a stop at 0.59 nevertheless.
Has cleared the 0.415 resistance level. Currently at 0.42, going fast. Short term target to 0.46 likely as long as it stays above 0.415. Top 20 Volume seen currently.
Has been below this level since Aug 2011. Tested a total of 3 times and finally broke above today. Potential upside possible.
Put a stop at 0.395.
China Minzhong has broken above the 0.92 resistance level. Momentum seems still holding well looking at past few month uptick. A break ABOVE 0.95 will open the way to test 1.00 in near term. Short term play basically. Top 30 Volume currently. Has been consolidating below 0.92 for more than a week already.
Stop loss at 0.895.
2.51 resistance tested 3 times since Oct last year till now. Finally cleared today on TOP 30 Volume. Price at 2.53 now. New support remains at 2.50. As long as this is the support, more upside possible. Next major resistance to test would be 2.70 to 2.72 level set in May 2008. Defensive counter which you might need to hold to ride the stock further. Dividend yield more than 5%.
Midas has break above the critical 0.500 resistance level. Has been below this level since Aug 2011 for more than a year. Currently at 0.505. As long as 0.500 remains the new resistance turned support, upside to 0.600 seems possible in the near term. A break above 0.600 could pave the way to find a higher resistance at 0.72
Put a stop at 0.475 nevertheless.
