Sunday, March 26, 2006

Top Vol No 6: Sky Patrol



Immediate Resistance: 0.57(previous high)/0.58
Immediate Support: 0.53

With oil price flirting at around $64, Sky Patrol looks likely to test the resistance of historical high of 0.57 in the next few trading days. Another catalytic good news is the announcement that Prudential Asset Management (S) Ltd, one of the shareholders had bought 2000 lots of shares on 22nd Mar 2006. Recommend to buy at 0.55/0.555. Cut loss if 0.53 support level is lost.

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