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Monday, April 24, 2006

StockWatch (April 24-28, 2006) PHISIX, DMC, PX/PXB

PHISIX(Chart:Daily ** Support : 2220-2240** Resistance: 2390)

PHISIX is near the red line as RSI approaches the 80level. It may still kick up some points but I expect a correction any time this week as I have observed that a lot of stocks has already reached overbought level.



DMC (Chart:Daily ** Support: 3.6 ** Resistance: 4 )

This stock is dangerously on the red line. It has now reached above the 80 RSI overbought level, so I expect that by this week a correction would occur. Price may head down to the 3.6 level.




PXB/PX(Support: 3.4 Resistance: 4.3)

PXB/PX has started to move downwards from the overbought level. I expect support at 3.4 near the 61.8% Fib Retracement.

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