Saturday, August 28, 2010

Scans

AGI: Smart money seems they are still in. However, the uptrend got weaker during the sell down this week. Gap down target of 6.35 was exceeded this week, closing at 6.33. Next possible support at 6.15 and resistance at 6.95. Might consolidate for a while. Uptrend is still intact.

BDO: Smart money seems to be flowing back in again. However, price movement still seems rather slow for now. Uptrend is now starting to get stronger. I'll be putting special attention here this week.

EDC: Seems to be holding at 4.60. Buy if it continues to hold at 4.60 and if it bounces off strongly from that level. Short term target is 5.05. Wait for entry confirmation. Smart money is also following price movement however, trend strength got relatively weaker.

MBT: Smart money seems to be following price movement. Trend strength got relatively weaker from the previous week. Possible support at 63.50. Wait for entry confirmation.

PX: Smart money just started flowing back in. Immediate resistance at 10.50 was also taken out this week after making a gap from the previous session.

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