Monday, May 01, 2006

StatchipPac (S24) - To sell or not to sell!

S24 has an "engulging bear" and CCI looks threatening. Inspite of these, the overall picture still look OK and sustainable. ADX 5days still OK and the Price has not cut across the 15DEMA yet. Furthermore analyst had upgraded it with TP as $1.68.
To me, as long as the support of $1.32 is not breached, I will hold on to it!

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