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Sunday, June 10, 2007

StockWatch ( June 11-15) : IPVG, MRC, DGTL

IPVG (Chart: Daily Resistance: 6.70/7.00 Support: 5.90/6.10/6.30)

IPVG is possibly exhibiting signs of divergence of RSI against price. Price currently has formed a lower low, but RSI may be forming a higher low. Price may still move down or sideways. If price moves sideways and establishes a support at 6.30, this might be a good price level to buy. If MACD crossed above signal line, coupled with the divergence in RSI and Price is also a good signal to buy.



MRC( Chart: Daily Resistance: 0.89/0.93/0.97 Support: 0.82/0.76)

MRC broke out from a symmetrical triangle. Volume is sufficient for a break out, but it needs to pickup more volume for it to have a strong move upward. Target price is 1.40. Buy near 0.82



DGTL ( Chart: Daily Resistance: 1.60 Support: 1.52)

DGTL is showing signs of divergence. Both RSI and MACD might be forming a higher low, while price formed a lower low. If price continues to establish support at 1.52, this would be a good buy level. There is also a falling wedge pattern forming with a target price of 2.1

1 comment:

Abby Ongyanco-Lim said...

hi mikes,
saw the mrc too... i hope it will be the next piso stock!