Friday, September 18, 2009
SPSetia and Genm
SPSetia has given me a buy signal based on the daily chart. Weekly chart still indicates an uptrend. The only worry is that its momentum is still weakening. A close above 4.50 will indicate a breakout, which means that a good chance of breaking 4.70. Any breakdown should find support at around 3.90.
Genm has given me a buy signal based on daily chart. This is still a downtrend stock. Downtrend line resistance is at 3.00. A close above 3.00 means that it can possibly go to 3.50.
Disclosure: Long in SPSetia, no position in Genm.