Stock Buy Call from iOCBC

Full Apex Holdings- Full Apex experienced a 26% drop from a high of $0.425 on 9 Feb 2006. It leveled out at a low of $0.315 on 14 Mar 2006 and began rising thereafter, appreciating by 15%.- The bullish candlestick formation on 24 Mar 2006 has yet to be neutralized; hence this gives us a positive indication of more upside to this stock.- Medium term price indicators signal that the share price still has ample room to rise before entering into overbought regions, thus supporting our bullish forecast on Full Apex.- Elliot wave patterns indicate Full Apex is experiencing a correction, however, given that it is currently trending over its 10-day moving average. We believe this correction is likely to be mild.- We recommend a BUY on Full Apex. Target price set at $0.40. Entry price set below $0.35.