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Thursday, August 24, 2006

Ellipsiz

As requested by Grace. Listed since 6 July 2000 on SGX Mainboard, Ellipsiz Ltd provides engineering and advanced packaging solutions to customers in the semiconductor industry in Singapore, Malaysia, Taiwan, China, Vietnam and the USA. The services provided by the Group are divided into Fabless Solutions, Wafer Fab Solutions and Test & Advanced Packaging Solutions.

From chart, the 38.2% retracement from low of .42 to high of .72 is .535 while the 61.8% retracement is .605, which happens to be the current resistence that the price had hit a ceiling. Look to consolidation at the .535 to .56 region before testing .605 again as rsi is beginning to turn downwards at the 70% overbought mark.

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