Sunday, April 23, 2006

Star Stock: Global Test - Trading halt pending good news?




Immediate Resistance: 0.335
Immediate Support: 0.315
Seems like the recent good news of Chartered Semiconductor and UTAC have lifted the overall sentiment of the semiconductor industry.Global Test requested for trading halt on monday pending for announcement. Will it be a positive news? Looking at the candlestick chart, Global Test had formed a Morning Star formation on Friday, which is a bottom reversal signal. Using Elliot Wave, Global Test has Wave 1 ranging from 0.295 to 0.315, Wave 2 ending at 0.305. Global Test is currently in Wave 3 with a price target of 0.345! Let's await a "good news" in a few hours time!

0 Comments:

Post a Comment

<< Home