StockWatch (Feb 26- Mar 2): PX, LCB, TBGI

PX (Chart: Daily Resistance: 4.70/4.80 Support: 4.25/4.15)

PX broke out from an ascending triangle. Target price of 4.80 is near as price went up as high as 4.65. Recommendation: If a short pull back happens, buy.

LCB (Chart: Daily Resistance: 0.39 Support: 0.32)

LCB had a large volume last Friday. Although, there is no area pattern that it broke out from, this might be a break of the down to sideways movement that it has been in since June 2006. At current, the stock is overbought and we may see down to sideward movement for this week. If the stock still pushes beyond 0.40, expect resistance at that level up to 0.45 as this is the price level where a lot were stuck since last year. If incase the 0.45 is broken, this is an indication that this stock is now on an upward move as the 0.45 price level is the long standing resistance of a downward channel since Jan 2005. Recommendation: Catching the stock at this price level would be too risky as the resistance of 0.40 is near. If you are a daredevil trader, try catching the stock at 0.37 and quickly sell at 0.40 for a 6% profit. Otherwise, wait for a pull back of price and then evaluate you entry. Currently MACD is above zero line and opening upward, which means this is a candidate for long term trading.


TBGI (Chart: Daily Resistance: 2.8/3.2/3.35 Support: 2.6/2.34)

No area pattern for TBGI. Volume just caught my attention. Price movement during the last 3 days had large volume and may be the start of price breaking out of the sidewards movement from Jan 2007. This stock has the potential of reaching 4.0 level, but may have to fight its way up as a lot might have been stuck at 2.8-4.0 level. Positive sign is the MACD which is approaching the zero line. Hopefully the MACD crossing above zero line may bring in more volume for it to be able to battle its way to 4.0 level. Recommendation: Buy, however watch out for the resistance levels along the way. If there is low volume on its way up, start cashing in.