Thursday, September 13, 2012

Tuan Sing (technical)

Tuan Sing: on back of news of possible corporate action involving its 43% associate Gul Tech, stock is up 5.1% at $0.305. A successful close above the current $0.30 resistance level could see the stock trend higher, given rising Stochastics and the jump in RSI. A further rise above next resistance $0.32 could pave the way for the stock to test $0.38 next. Volume breakout today, with shares traded in the first 20min of trading already above the recent daily average.

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