Stock Watch

2010.07.29 16:25:01
Stock Analysis

Stock : SINOMA ( 01893 )

Suggestion : $5.8 ( Buy )
Target : $6.25
Resistance : $6.05
Support : $5.5

By technical analysis, 10-day moving average is now at $5.65. 50-day moving average is at $4.77. It poises to trace an upward trend along the 10-day line as it gains momentum. Meanwhile, RSI-14 is 66. It swings above the 60-mark level, which suggests to staying on the strong side. Analyzing the share price movement, the previous low is at $5.23 and the recent high is $5.91. Measuring from the recent high, Fibonacci 0.382 retracement is $5.65. It seems to dance on the 0.382 retracement, and heads toward the previous high.



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