Trend Watch

Thursday, February 7, 2008

Jade 30 mins chart mini cup forming handle


Mini cup already formed and now trying to form the handle. Big Boys bought during late morning and just before half trading day closing at 12.30pm as indicated by the Volume Distribution chart below. Need to clear 16 cents resistance to confirm handle formation. Breakout above 16 cemts will propel price towards next resistance at 18.5 cents.Closing price 14.5 cents is now resting on 20 EMA suppport line. Next support is 13 cents. Support failure here will retest 11 to 10 support zone. Monitor 50 EMA and 200 EMA support lines.




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To implement ERP systems, companies often seek the help of an ERP vendor or of third-party consulting companies. These firms typically provide three areas of professional services: consulting, customization and support.

http://en.wikipedia.org/wiki/Enterprise_resource_planning

Genomics

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Yangzijiang 30 mins chart supporters defending


Good closing above the $1.24 resistance turned support. Need to breakout above red downtrend resistance line and close the gap at $1.27. To regain $1.30 is the key for the first few days of the New Rat Year. Immediate support is now $1.24. Next lower support is $1.20.

Interesting buying on dip pattern detected as shown in the Volume Distribution chart below. Buying was done by both Big Boys and retailers. If this buying continues on the first trading day of the Rat Year securing the important $1.30 is achievable.




Trend Watch