Memory Devices

As requested by Elizlow. Memory Devices Limited manufactures and sells solid state memory storage products such as DRAM memory and flash memory modules which are used in a wide variety of products such as computers, notebooks, handphones and cameras. The Group's manufacturing facilities are in China.

Technically, prices broke out of resistance at .29, next resistance at .315/.34 , with support at .27 . RSI though, had reached the top end of the uptrend channel, hence prices likely to consolidate around .29 for some time before testing .315 .

One point to take note is that any news release in relation to a particular stock has an overriding effect on the stock's chart formation. It may gapped it up or down before resuming its previous formation or even starts a new formation from then on. Take Cosco for example, last three days its been rallying, i suspect those in the know had already loaded up on Cosco, waiting for the news release to offload their shares. This would be a case of buy on rumor, sell on news. Whereas for unexpecting news, it would totally disrupt the stocks current trend. Bio-Treat is an example. Gapped down heavily on the weaker than expected earnings report.