Sunday, August 13, 2006

 

where is SPC heading?

SPC share price closed at $5.10 on 11 Aug 06. IT has not yet able to break up from the downtrend upper channel. IT has to break up from the downtrend channel until we can see futher price upside. From technical indicator we can see that CCI is nearing overbought region. As for Stochastics and RSI, there are still pointing up. A black long candle on 10 Aug 06 shows that BEAR could be in control next week. Will SPC break up from downtrend channel or pulling back from downtrend channel? The conflict between Israel and Lebanon could end on Monday, will ceasefire have any impact on SPC share price?

# posted by chua @ 11:01 PM
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