Wednesday, April 19, 2006

Star Stock: Memory Device racing like Initial D!



Immediate Resistance: 0.49
Immediate Support: 0.46

This stock has just corrected from 0.505 to 0.44 recently, completing Wave 4 of the Elliot Waves. Wave 1 starts from 0.315 to 0.4, Wave 2, on the other hand, retreats from 0.4 to 0.37. Wave 3 rallies from 0.37 to 0.505. Currently, Memory Device should be in the final Wave with a price target of 0.585.

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