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Sunday, June 03, 2007

In Retrospect: LND, URC

LND

Target price of 1.34 is not yet achieved. Currently on a sideways movement and volume is still notably significant, which suggests that more are still coming in to trade the stock. But this stock still has a long way to reach the target price so there may be some sideways movement for the mean time. Recommendation: Hold

URC

URC broke out of a falling wedge without volume. Expect resistance at 16.50 and 17.00 level. Current price movement may already be a reversal in the works. But a break out from the downward trend is still to be confirmed when price breaks 19.50.

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