AnnAik

Today, it has opened at 0.5 and move up to 0.525 before closing low at 0.49. This formed a shooting star, in term of candlestick, which is a reversal sign and will be confirm if there is a gap down tomorrow. But if it is able to move above 0.5, then it will turn to a bullish sign again.

Shooting Star : The shooting star is made up of one candlestick (white or black) with a small body, long upper shadow and small or nonexistent lower shadow. The size of the upper shadow should be a least twice the length of the body and the high/low range should be relatively large. Large is a relative term and the high/low range should be large relative to the range over the last 10-20 days.

For more information on shooting star, please visit http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_bearish_

AnnAik

It is currently supported at 0.375. After yesterday's fall, it manage to move up and closed at 0.395 today, which is above its 20d EMA. Resistance at 0.4, 0.41, 0.42 and 0.445.

Base on the chart, we can see the volume spike keep increasing, meaning more and more investors are buying this counters. With its current business, this is a good stock for long term.

One of the securities firm has initiate a 12 month target price of 0.54.

AnnAik

After breaking its resistance at 0.41, it has took a breather and closed at 0.405.

Currently, MACD has crossed over, RSI and stochastic show sign of moving up. If tomorrow's market sentiment remain positive, it will have a very good chance of moving further up and test the resistance at 0.415, 0.42(2003) followed by the final one at 0.435(2003).

AnnAik

It is currently supported at 0.365. If it continue to move up, you may see the MACD crossing over very soon. Once it crossover, together with the stochastic moving up and possibly RSI reversing, it will be a bullish sign.

AnnAik

Today closed at 0.375. It is currently trading near its support level at 0.37.

If it move up on Monday, we will see the stochastics crossover and MACD will be crossing soon. Once MACD crossover and it is above the zero centerline, it will be a bullish sign.

I believe if the market sentiment is positive on Monday, this stock will move up. It has a multiple resistance at 0.385, 0.395, 0.4 and lastly 0.41.

AnnAik

AnnAik is currently supported at 0.34 and having a mulitple resistance at 0.36, 0.37 and 0.385. Base on chart, look like it may be moving up soon with MACD going to crossover and RSI/Stochastics showing strength.

This company is a manufacturer of stainless steel used in piping system and is a provider of engineering construction services. Recently, it has also venture into waster water treatment in China.