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Friday, August 11, 2006

Pacific Andes

As requested by crabbie. Listed since 4 October 1996 on SGX Mainboard, Pacific Andes (Holdings) Ltd is primarily engaged in the global sourcing, transportation and supply of frozen seafood products to the international market such as the PRC.

From chart, Pac Andes is meeting strong resistance at .74 , which happens to b
e the 38.2% retracement from its low of .64 to its high of .92. If it fails to consolidate at .70 region, next significant support is at .65. On the upside, a breakout of .74 with volume would bring its next target at .81.

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