Tuesday, October 26, 2010

FJ Benjamin

FJ Benjamin: CIMB has Technical Buy Call, notes that stock appears to be forming a bullish flag pattern after breaking out of ascending triangle in Sept. Both MACD and RSI now testing their respective support levels and a reversal in price could happen. Recommends traders to accumulate now or wait for the breakout of its flag pattern resistance of $0.44 before jumping in. Stop loss at $0.42 and resistance at $0.52, based on the height of the triangle

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