Thursday, September 23, 2010


Fragrance: +2% at $0.6, on above avg volume, but off earlier high of $0.72. Operator of budget hotels likely boosted by reports that hotels are running at near full capacity in the midst of the F1 season, as well as the proposed 1-for-1 bonus share issue…

Today’s long white candle suggests stock has broken out of the long term downtrend. Price has pierced through multiple resistance levels (including the 200MA and 2-year high). Indicators look supportive of a continuation in momentum. A close above $0.68 may pave the way for a subsequent move towards $0.80.

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