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Sunday, March 11, 2007

StockWatch (Mar 12-16, 2007): MWC, MB, IMP

MWC(Chart: Daily Resistance: 9.80 Support: 8.90)

MWC is dangerously forming a descending triangle. Recommendation: Avoid for now.



MB (Chart: Weekly Resistance: 1.14/1.24 Support: 1.0)

MB caught my attention because of the divergence between the price movement and the MACD movement. Looks like the bearish sentiment for this stock is slowly being replaced by bullishness. This stock is for those who are comfortable with long haul flight.


IMP (Chart: Daily Resistance: 0.021 Support: 0.019)

IMP seems to be forming a symmetrical triangle. Possible upside of up to 0.029. Recommendation: Buy at 0.019. Sell if it goes below 0.019

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