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Sunday, March 04, 2007

StockWatch (Mar 05-09, 2007): ISM, TUNA


ISM (Chart: Daily Resistance: 0.070/0.0775 Support: 0.0675)

This stock may have broken out of an ascending triangle. But I could not confirm if it is a valid ascending triangle as previous volume has been dwarfed by the increase of volume. If this is a valid break out from an ascending triangle, the target price is 0.085. Recommendation: Buy. Watch out if the price pulls back in the triangle.



TUNA (Chart: Daily Resistance: 2.28 /2.36 Support: 2.06/2.04)

TUNA doesn’t have an area pattern, but what could be promising for this stock is the MACD’s recent break above the zero line. Signal for going long. This is a stock to watchout for.



General Analysis:
A lot of stock has started to display short term bearishness in their MACD. For the following days watch out for further consolidation. This would be a chance to spot new area patterns.

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