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Monday, February 12, 2007

Stockwatch (Feb 12-16): TBGI, RLT

TBGI (Chart: Daily Resistance: 2.65/2.70/2.80 Support: 2.28/2.26)

TBGI does not have any patterns involved, but what attracted my attention was the increase in volume. Hopefully this will be a break of its sideways movement with a possible upside of 2.70 up to 3.35. Recommendation: Buy


RLT( Chart: Daily Resistance: 0.77/ 0.8/0.85 Support: 0.74/0.70/0.64)

RLT seem to have broken out of s symmetrical triangle. It gapped up twice, hitting a high of 0.76. Possible upside of up to 0.90. But observe the resistance levels. Recommendation: Buy

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