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All postings and comments are based on my personal opinion. It is purely for sharing purpose and no inducement for any buying or selling.
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Monday, December 24, 2007

Synear



Synear food. On last Friday Synear closed at 1.59, engulfing the previous candle. This is a reverse sign base on the candlestick pattern.

From the chart, we can also see that there is a MACD +ve divergence and the stochastic is crossing up. These are all positive signs. But currently, it is still on a downtrend with downtrend resistance at around 1.63.

Today, we see some buying interest on this stock, with current bought volume at 4,258lots and sold volume at 1,234lots. The followings are the buying transaction with more than 100lots from opening till lunch:

Buying transaction

Price...Vol
1.60...200lots

1.61...465lots,200lots

1.62...350lots,350lots,150lots,100lots,280lots

1.63...500lots,100lots

Currently, it is supported at 1.58~1.60 and resisted at 1.63, 1.64 follow by 1.68.

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