ZLBT Chats

Thursday, September 17, 2009

BT Stock Of The Day >>> 5030 SAAG Consolidated

SAAG Consolidated (5030) touched a 4½-month low of 23.5 sen on Monday on extended correction before recovering slightly amid light bargain hunting activity. Based on the daily chart, the major trend is bearish, but the ticking up pictogram on the stochastic from the oversold area offers hope of a rebound in the short-term. While strong resistance is expected at the 30 sen level, any violation of the recent ebb may drag this stock to the 20 sen mark.

HAPPY TRADING & GOODLUCK2ALL

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