StockWatch ( April 23-27, 2007): TBGI, MIC, GEO

TBGI (Chart: Daily Resistance: 2.50/2.90/3.35 Support: 2.24/2.14)

TBGI broke out from a sidewards movement with very high volume. If the upward movement would still continue, it may break out from a symmetrical triangle with resistance at 2.50. The target price for the symmetrical triangle is 4.15. Recommendation: Buy on breakout. Expect resistance at 2.90 and 3.35 level. If you buy at 2.60, cut loss is at 2.40.

MIC (Chart: Daily Resistance: 3.15/3.40 Support: 2.60/2.44/2.30)

MIC has broken out of the long symmetrical triangle. Conservative target price is at 4.90/5.0. Next resistance is at 3.15 and 3.40, which are previous highs. Recommendation: Buy. Succeeding trading days should have the same or higher volume; otherwise it may find it hard to break the coming resistance levels. If upon reaching near resistance level, price movement shows weakness, sell a portion a buy back at a lower level.

GEO (Chart: Daily Resistance: 2.14 Support: 1.90)

GEO is displaying a divergence of MACD from the price movement. MACD displayed lower high, while price displayed a higher high. The recent break above 2.0 with less volume seems to indicate that not a lot are interested with the stock at that price level. Recommendation: Sell.