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Tuesday, February 07, 2006

Global Testing (G31) as Requested


Global Testing (G31) has beautiful chart. See the mini Double Bottom with the Ascending Triangle? Also the last 7 period Consolidation was breakout today with high volume. All the important indicators indicated in the chart are very expressive of a Bullish environment ahead. These confirmations can be summed as not dangerously overbrought, and a very good upside with good probability of near term upthrust. Fundamentally, G31 has good revenue growth (>5%) and trading at approx 1.4 times(considered good within the same industry) FY2006 P/BV. DMC & Partner is calling a “buy” with TP 41.5 cents within 12 months.

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