StockWatch (May 07- 11) : EPHI, URC, ASIA,ATI

EPHI (Chart: Daily Resistance: 3.10 Support: 2.40)

Possible return move for this week. Watch out for retracement near to 2.60. This is also a possible candidate for a flag formation.

URC (Chart: Daily Resistance: 16.75 Support: 15.75)

No chart pattern for URC except for the RSI reaching oversold level. We need to watch also the divergence of the MACD against price movement. If a higher low has been recorded in the MACD and price still moves lower, this may be a good sign of a reversal from its current down trend.

ASIA (Chart: Daily Resistance: 13.50 Support: 12.25)

ASIA is forming a symmetrical triangle, with a very promising target of above 23. The chart is very promising as MACD is consolidating above the zero line which is an indicator or bullishness. Recommendation: Buy only on break out. If the price moves further downwards, it may still go to as low as 11.

ATI (Chart: Daily Resistance: 6.80 Support: 6.30/ 5.60)

ATI may be forming a pennant or flag formation. Watch out for further downward move towards 6.20 level.