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Friday, July 07, 2006

Jurong Tech

As requested by samchng: Strong support at 0.965. Fibo retracement 23.6% coincide with support-turned resistance 1.08, 38.2% at 1.18. At the moment, the stock is still within a very broad longterm downtrend. But there is signs of bottoming and reversing. Watchout for closing above 1.03 and then 1.08 for signs of new uptrending.

1 comment:

Anonymous said...

last week this one do from 0.97 to 1.03, and come down to 0.97 than go up to 1.04,have to c it will do L,or V
Bion