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Sunday, July 22, 2007

StockWatch (Jul 23-27, 2007): BAL, UW, EVER

BAL (Chart: Daily Resistance: 6.90/8.75/10.5 Support: 4.95/4.70)

BAL has broken out of its symmetrical triangle. Conservative target price is 8.75, with a possible of a bigger target price at 10.50.

UW (Chart: Daily Resistance: 0.49/0.44 Support: 0.38/0.28)

UW broke out of a symmetrical triangle, as well as its upward channel. Target price for the symmetrical triangle is already achieved at 0.49/0.50. Possible flag/pennant formation.


EVER (Chart: Daily Resistance: 0.47/0.42 Support: 0.36/0.28)

EVER also brokeout of its ascending triangle with target price nearly reached. Possible flag/pennant formation.

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