Thursday, March 27, 2008

Care For COAT This Summer?

Chemrez Technologies. I've been closely watching this stock lately. It has been forming a bullish descending wedge pattern with breakout point around P3.00 - P3.05. Notice the volume during this descent. Sign of increased activity? On the otherhand, MACD has been sloping upwards which is a bullish sign. Looks like signals for a buy - upon breakout of course.

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