Tuesday, April 25, 2006

Star Stock: Shang Turbo going for turbo chiong?




Immediate Resistance: 0.49
Immediate Support: 0.455

Shang Turbo has formed a Morning Doji Star formation on monday with a significant high volume. Looking at the chart, Shang Turbo is in an uptrend. Currently, the counter is in Wave 3. Wave 1 starts from 0.355 to 0.44, Wave 2 begins at 0.44 and ends at 0.405. The target price of Wave 3 should be around 0.54. Recommend a buy between 0.455 to 0.47. cut loss if 0.45 support is lost.

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