BORNOIL - The stock brokeout above its 13 day moving average of 0.26 on 3.1.2011 with heavy volume support and has since then been very active and volatile in its move on the way up making new highs. With the RMIndex at 99.2 the stock is overbought. The immediate resistance level is at 0.745. Can this level be bridged?. Lets wait and see. Be cautious!
KINSTEL - The stock brokeout above its 13 day moving average of 0.83 on 21.12.2010. With the infra-structure counters in play this steel stock had attracted buying interest. With the RMIndex standing at 81.4 the stock is slightly overbought but it appears firm. Its immediate resistance level is at 1.02.
KUB - It brokeout above the 13 day moving average of 0.52 on 9.12.2010 and has since then broke every new resistance levels on the way up with small pullbacks along the way. With the RMIndex at 98.8 it is currently overbought and the immediate resistance level is at 0.96. Although the Inertia and support looks strong, be cautious.
POS - This stock opened gap-up at 3.48 with a huge surge in volume and moved to a high of 3.72 then it sold off to a low of 3.47 and closed at 3.64 with a gain of 0.25 cents. Its RMIndex stands at 72.8 just marginally overbought. With a sudden surge in trading volume, it looks like there is something "cooking" in the stock!
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
NOTE: To have a clearer view of the charts, just point your mouse on the chart and double-click - the chart will enlarge itself. TAN
