Tuesday, December 28, 2010

Sunmart

Sunmart: SIAS has issued a technical call, highlighting that counter is trading at unsustainably high lvl. Major resistance at $0.25, RSI in overbought region. Support lvls at $0.18 and $0.15. Note, trailing P/E is at 10.92x and hist avg trades at 4.44x. Stock has seen rise from around $0.15 since 3Q results and its proposed dual listing in Korea. Stock still trending upwards with no signs of reversal as of yet but is at 2007 highs.

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