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Tuesday, June 19, 2012

Sakari Resource

Sakari Res was badly battered in this round of selling down. It dropped from its peak (6months high also)2.6 to as low as 1.16 last week, more than 50% drop. It had a consolidation over the past two weeks in between 1.16 to 1.3, and moved higher yesterday. It was expected to continue rebound if it break above the gap resistance 1.37.

I have two target price: 1.50 then 1.70.


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