Kim Eng on 26 Mar 2012
The stock is up 54.3% YTD to $1.79 from $1.165. It has been advancing aggressively over the past few months, breaking above the key moving averages. The price action looks positive on both the medium- and short-term time frame with DMI positively placed. ADX trendline is reading at 45.8, suggesting that the strength of the trend is in place. Immediate resistance of $1.82 (52-week high) will be tested. Sustained trading above this level will pave the way to the $2.05 area.
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