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Saturday, July 29, 2006

Aztech

As requested by SH. Listed since 23 February 1994 on SGX Sesdaq, Aztech is a leading OEM/ODM manufacturer in data communication and personal communication products with customers in the Computer and Telecommunication Industries. I still vividly remember the excitement i had when i bought my very first sound card for my pc. No, it was not a SoundBlaster from Creative, it was an Aztech 8bit mono soundblaster-compatible soundcard from Aztech. Even then, i showed streaks of supporting the underdogs. ;)
Technically, expect consolidation at the .23 level before testing .27, the 38.2% retracement mark from the high of .32 & low of .195. RSI turning down from the 70% overbought mark. One point worth mentioning on the overbought and oversold levels is that one shld not assume that stocks will immediately turn down once it hit the oversold level. The Relative Strength Index (RSI) is an extremely useful and popular momentum oscillator. The RSI compares the magnitude of a stock's recent gains to the magnitude of its recent losses. A stock can and do remain in the oversold or overbought level for extended period. It is only significant when the rsi starts to reversed from the 70% and 30% levels.

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