StockWatch (Jan 05, 2006)

My first post for this year. Looks like the market is in an uptrend mood this week. Lots of people are cashing in on this rally.

Again, im posting a disclaimer

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

JFC
Still trading in an upward channel. Good buy at around 40 level or below. But still watchout for this stock as MACD is still below signal line and may still test support at 39. In general this stock looks good as the 3 MAs are all below the price and MACD is still on the positive side.

GLO
bounced off the support line at 700 last Dec, but still no clear reversal signal. Price may start to go down as it has already reached 130day MA. Previous attempts to break the 130day MA all failed. So this is a wait and see if it would still fail to break this level of resistance. If it fails, we can expect prices to go down to the 700 level

FLI
Trading within a narrow symmetrical triangle. Price has already gone beyond 3 MAs and is now a wait and see if it would be able to break the 1.50 resistance level.

ALI
Broke out of an ascending triangle at 10, but with little volume. Am not sure if ALI can sustain its upward move given the small volume since November last year. But on the otherhand Ali is still bullish. Maybe the reason for such a low volume since November is that a lot of pipol are still holding on to this stock till it reaches the 11-12 level.