Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Friday, August 24, 2012
ManhattanRes: A Forgotten Gem?
Manhattan Resources dropped more than 50% to recent price at around 63c from 1.30 one year ago.
its major support is at 63c, it has been consolidated at this level for past five weeks already, it got a bounce this morning to 73.5c, up by 6c(11.39am). There was a substantial 1.5m shares buy order done at 70c early morning. It appears there are plenty of room to upside with target at 90c.
its major support is at 63c, it has been consolidated at this level for past five weeks already, it got a bounce this morning to 73.5c, up by 6c(11.39am). There was a substantial 1.5m shares buy order done at 70c early morning. It appears there are plenty of room to upside with target at 90c.
Labels:
Long Candidates(Sg),
SG Mkt
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