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Sunday, September 10, 2006

Sunray

As requested by Exdous. Listed since 5 November 2003 on SGX Mainboard, Sunray Holdings Ltd is a manufacturer and supplier of medical apparatus such as obstetrics and gynaecology systems and neurophysiological systems. The Group products are marketed to hospitals in China.

From chart, Sunray is technically weak after breaking down from support at .30 level albeit with low volume. Prices could slid down to teh .275 region if it does not stable itself along the upwards-sloping trendline. Its weakness is shown by the rsi as it is trapped within a downward-sloping trend channel at the moment.

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