Welcome! Have a profitable trading day ahead of you!

Tuesday, August 29, 2006

ASL Marine

Listed since 17 March 2003 on SGX Mainboard, ASL Marine Group is an integrated marine company with core business in shipbuilding, shiprepair and shipchartering. The Group's operations are in Singapore and Batam, Indonesia.

From chart, support at .695/.67 , ASL hit .77 and receded, it will be a strong resistance to overcome in the near term. RSI is turing down from the 70% mark, signalling a sell, momentum indicator is turning down as well. Look to consolidation at the .69-.70 region.

No comments: