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Sunday, June 24, 2007

In Retrospect: DGTL, TBGI, ELI

DGTL

DGTL broke out of the triangle but with insufficient volume in my opinion. Price went up to as high as 1.72 before moving sideways for 3 trading days. I have redrawn the triangle and its target price is increased to 2.16. The succeeding trading days needs to be observed as volume may come in if the 130 Moving average is broken, that is if the price continues to move upward. But it seems that for the moment, it will either move down to sideways for this week.

TBGI

TBGI immediately reached the 4.15 target price and went beyond it. Expect a side to downward movement for a short correction.

ELI

ELI is still a buy. Target price of 1.12 is not yet reached. A couple if important things to note: Last trading day has already covered the gap made last Feb sell down and volume for that day was also high, which makes this a very good buy.

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