Monday, January 19, 2009

Technical on Sino Techfibre, DMX, Longcheer

Sino Techfibre Ltd. (SINOT SP; S$0.19 - SELL): The stock has broken below its support turned resistance trend line.

DMX Technologies Group Ltd. (DMX SP; S$0.095 - SELL): Any rebound towards the downward channel resistance of S$0.105 is a good opportunity to exit. Next resistance is at S$0.125.

Longcheer Holdings (LHL SP; S$0.31 - BUY): The stock has overcome the S$0.28 resistance turned support trend line. Near term outlook is positive but expect some healthy consolidation.

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