Stock Watch Alerts for 26.5.2010

As the world financial market remain uncertain, investors in equity markets worldwide continue their selloff.

In the US Dow Jones broke below the 10,000 level in volatile trading in the morning and later recovered. Further downside in the Dow Jones seemed inevitable and indications are it could possibly fall below the 10,000 level in the near future.

The following stocks struggled to stay above their support levels. Strong buying support is lacking. Stocks 1 - 3 are overbought. Be very cautious.

Stock Close Support Resistance

1. ASTRO 4.29 4.27 4.29
2. MTD 3.97 3.90 3.98
2. GSB 0.05 0.04 0.05
3. FBO 0.125 0.12 0.13
4. CUSCAPI 0.125 0.12 0.125
5. SCOMNET 0.10 0.09 0.10
6. MARCO 0.125 0.125 0.125
7. ASB-LA 0.075 0.07 0.075
8. CONNECT 0.05 0.045 0.05
9. JOTECH 0.075 0.075 0.075

TAN