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4Aug2010 post-market analysis

Innotek
RSI and stochastic is starting to point up which is good news. Be on the alert if 51c break. ADX is moving down which means this counter might have to go through some consolidation to digest the gain.

Capmallsasia
Seems like forming a reversal candlestick pattern. With several technical indicators eg stochastic and RSI at oversold region. But since it formed a higher high, see if a higher low can be formed.

Still within the downtrend channel.

Ausgroup
Most indicators are oversold. ADX is below 20 meaning no trend is felt. Possible sideway action but do watch if 51.5c breaks.

Still within the downtrend channel.

Techcomp
Seems like forming an ascending triangle with short term sideway. 40.5 cents is the resistance with 39c support.

Noble Grp
Still downtrending. As long as price is cap, bullish divergence will be seen on macd, rsi and stochastic.

But if it break down of 1.62-1.60, better run for cover.

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