From TA point of view, there is a weak uptrended since dec 2010. With last traded volumn at 3.70 million shares, more transactions took place in these 2 days since dec 2010. Wider ADX gap will provide a bigger up or down movement to reach the resistance line drawn. Macd clearly showed the stock have not cross over and RSI is moving upward at 62%.
Current concern is the Stochastic showing a relatively complex struggle.
With the current growing economy and housing regulations in Singapore, it might provide the company with better revenue from the market.
stay tune.
fx hunter
bought allgreen @ $1.20
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