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Tuesday, September 19, 2006

Luzhou BioChem

As requested by chamelon. Luzhou Bio-Chem Technology Limited is engaged in the refining of corn, distributing and selling corn-related products such as sweeteners, corn starch, corn gluten meal, corn fibre, corn germ and steepwater. The Group production facilities are in China.

From chart, prices is temporarily supported at .75, resting near the 50MA. Next level of support at .72/.69/.645 with current resistance at .80/.86 . RSI shows weakness, dropping below the 30% mark with prices likely to consolidate further in the near term.

2 comments:

TopTrader said...

sell stop .725.

TopTrader said...

sell stop moved up to .77. today DBSV issued a bullish report, tg 1.05. (21 Sep 06)