MBT (Chart: Daily Resistance: 53 Support: 49)
MBT is forming an ascending triangle with resistance at 53. If resistance is broken with volume, price can go up to 61. Recommendation: Buy near the support level, sell if it goes below support with volume.
KPP (Chart: Daily Resistance: 0.54 Support: 0.45)KPP does not have any area pattern forming, but the unusual volume that accompanied last Friday’s trading and the MACD has brought a positive side to this stock. If the succeeding trading days will be accompanied by substantial volume of 6M and above, there will be a higher probability that this may try to reach the previous high of 0.68 Recommendation: Buy
ALI (Chart: Daily Resistance: 16/16.50/17 Support: 15.50)Last Friday’s trading saw ALI’s volume sky rocket to 118M. This makes the 15.75-16 level a strong level of support. It also broke the ascending triangle that formed from October –December. Price may go as high as 17.50. But a couple of resistance will be encountered at 16.50 and 17 as these are previous highs. Recommendation: Buy.
FGEN (Chart: Daily Resistance: 56.50 Support: 54)FGEN is forming an ascending triangle. A possibility of P5 move upwards. But at this point it is still to early. Price may still go near support level. Recommendation: Buy near support
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