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Monday, January 08, 2007

In Retrospect : JFC, FLI, AT, APX/APXB

JFC
This stock broke the resistance at 42.50 and bounced off 44 level. The trading last Friday saw a couple of holders cashing in on the upside which brought the price down to 43, near resistance. The broken resistance was not accompanied by a valid volume to consider a valid break of the rectangle or sideways pattern. But this stock still has a lot of potential as it would still try to retest the 44 resistance (previous high since last Nov 2005) and hopefully break it. The MACD shows a positive outlook for this stock, but RSI shows a near overbought sign. The price may still fluctuate between 44-42.50. Recommendation: Hold if you already have this stock. If you plan to acquire this stock, try to get this near support of 42-43.

FLI
FLI reached a high of 2.16 before plummeting to a low of 1.64. The price went below the 65 day MA and currently bounced off the Nov-Dec support line. Price may now trade sideways between 1.6-1.8 with a strong support at 1.64. Recommendation: Range trading this stock is a possibility. Buy below 1.70 and sell above 1.80. But be aware that a strong resistance may form near 1.80-1.90 as a lot may still hold the stock or sell at this price level.

AT
AT did not pullback to 9.50 but instead flew higher to 10.50 with substantial volume but pulled back down to 9.30. It currently has established a resistance at 10. Price may move between 9-10 level. Recommendation. Avoid if it moves lower than 9.

APX/APXB
The expected bounce did not happen and the price went further down

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