Jmh 400us$ - Singapore Stocks - Learn & Discuss Good Stocks Tips & Analysis!

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07-07-2008, 08:45 PM

cheongtk

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Jmh 400us$

The stock is finding a good support from its 200 DMA which is at 29. If the stock sustains above this level, then it might go to 31. If 31 is crossed decisively, then next target would be 33.

However, if the support of 200 DMA is broken and the stock is unable to trade above it, then the stock may see some weakness. Moreover, if the stock closes below its 200 DMA, then the short term trend would become down.

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