shares magazine bites the dust, page-3

re: shares magazine bites the dust alpha Hi scarva,

I've just had a quick look and its certainly not a stock being tightly managed from a technical point of view.

However there is no denying the rising support that is generally underpinning the rise since the lows of mid 2003.

Its suggests support currently exists just under 10c and rising.

Overhead resistance (its trading a channel) exists currently around 17c and rising also. This overhead resistance was briefly broken in January this year before the sp was smashed back inside the range.

I'd suggest its a good stock to buy the bottom and sell the top of that range whilst knowing that overall the stock is heading upwards.

A breech of that bottom line would however change the story as the game would be over.

Cheers,