Search Google

Custom Search

Sunday, June 03, 2007

StockWatch (June 4-8, 2007) : WEB, FLI

WEB( Chart: Daily Resistance: 0.060 Support: 0.0525/0.050)

WEB has broken out of the symmetrical triangle, but has reached resistance at 0.060 and went back in the triangle. Target price is 0.080. Price may still move sideways for this week. Recommendation: Buy.


FLI ( Chart: Daily Resistance: 2.0 Support: 1.88/1.78)

FLI is forming a symmetrical triangle with target price at 2.60. Recommendation: Buy on breakout only. Price may still move down to 1.88 level. For a valid breakout, volume needs to reach above 400M shares traded.

No comments: