http://www.chartchat.com.au/display/ShowJournal?moduleId=895989&c...

http://www.chartchat.com.au/display/ShowJournal?moduleId=895989¤tPage=2

If you go to the URL posted above it shows a chart...it would not copy/paste


SBL - Signature Brands
Posted on Thursday, June 14, 2007 at 10:10PM by Rob in ASX Small Cap. stocks | Post a Comment



We analysed SBL for the 'Free daily charts' a week ago and since then, SBL has set up beautifully for a move higher. With SBL lifting off the compression of multiple MA to pull back onto support we now have a very good entry setup.

A break of $0.048 would project a move possibly up to the resistance level at $0.11. The first test for SBL will be in the $0.07 area. How SBL trades here will determine whether the higher target is possible.

The MACD and Stochastics is in a bullish relationship, coupled with an increase in volume, suggests renewed investor interest in this stock. SBL will be added to our notional share portfolio and WME sold to make room should our entry price be triggered.
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