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Sunday, January 28, 2007

In Retrospect : MBT, BPC, TBGI

MBT
MBT’s target price was reached at 60 and a lot may have started to cash in on the profit as price went down to 57. Next support at 56 which is the 50% retracement.

BPC
BPC did not reach the support at 2.50 as bulls came in at 6.65-6.70 and started pushing the price up to 2.95. Next resistance is at 3.00, but it looks like the bulls are still in control and may still push the price up to 3.10 and beyond. Recommendation: Hold. Sell when there is sign of large decrease in volume.

TBGI
Price went down to support at 2.34, but continued to move below 2.30 and went down to 2.28. Recommendation: Wait and observe, price may still move down to 2.15, which is the 130 day MA

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