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Tuesday, December 20, 2005

Stock Watch (Dec 20, 2005)

DISCLAIMER: I am not liable for your sleepless nights should my analysis prove to be wrong and prices heads south =p

FPH
FPH still within a giant symmetrical triangle and an upward channel. Prices are still within 2003 long term support. MACD is starting to get bearish though but it looks like Moving averages are providing strong support. Breakout from the big triangle is at 52 but it may hit a snag at 54 level resistance of the upward channel. If it breaks out of the upward channel, short term target of about 60-65. Cut loss at P50.



SMCB
Still trading within the downward channel. It just gapped up after hitting the support. If it breaks out of the upward channel,it may have a hard time moving to its price target of 95 as 2 MAs are blocking its way. But reward is not that great to park your funds here.

HLCM
HLCM may have already reached the target price from the break out of a small horizontal channel. 4.50 Price level looks like a good resistance, but the upward movement steam may have already poof out as volume was not sufficient in its try to push the price up today. We may expect a short downward price movement. Although it has lost its steam, this stock is still on the bullish outlook as MACD is still on the positive side with MACD above signal line. If you are a bottom picker, good price level to scoop the stock is at 3.90 to 4.10, but the problem is you dont have a predictable upside target. You'll just have to let your profits roll! =p

AEV
AEV Has been trading in an ascending triangle. Bottom pickers would enjoy the price at the current level of 4.80. Break out at 5.20 with target of 6.20. Cut loss at 5.10

PX and PXB
PX and PXB are forming a cup and handle formation. Wait for the break out from the resistance established by the high of the cup

So now place your bets!!!! Banzai!!!!!

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