In Retrospect: BAL, UW, EVER

BAL

BAL’s break out was met by resistance at 6.40. Affected by Friday’ sell off it went to as low as 5.20. Next support is at 4.90 as long as it is able to trade above that price level, this stock is safe from further sell down. Price movement by next week would either be down or sideways.


UW

Flag or pennant formation did not materialize. It instead gapped down last Friday to as low as 0.33. Next support is at 0.28-0.30. This stock is still good if it trades above 0.30. Price movement by next week would either be down to sideways


EVER

Flag or pennant formation for EVER also did not materialize. It instead gapped down and moved to as low as 0.30. Next support is at 0.28-0.30. This stock is still good if it trades above 0.30. Price movement by next week would either be down to sideways

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.