Search Google

Custom Search

Monday, February 12, 2007

In Retrospect : AEV, VUL, UPM, PLTL

AEV
I was wrong with AEV with its support line. The stock went to as low as 7.70 before bouncing up. As of now 7.70 looks like a strong support for this stock. Watch out for a move upward towards 9 for this stock

VUL
I was wrong again with the support level for this stock. The stock went as low as 1.44 and a high of 1.54. But the symmetrical triangle is still intact.

UPM
UPM broke resistance, but the volume was not sufficient and the price went back in the triangle. It had a gap down Monday trading and may possibly test support at 0.70

PLTL
Had a valid break out, but the price went back in the ascending triangle. Succeeding days saw sell down of the stock with volume. Expect for prices to still move downward if 6.80 support doesn’t hold

No comments: