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Saturday, September 22, 2007

STX PO Analysis


STX PO has risen a lot recenlty due to its new shares issued on Korean Stock Exchange. However it has shown an inverted T candle stick on Friday with a very high volume. This is a very bad sign if the stock is in the uptrend for many days. Sign of profit taking is shown. Should drop on Monday. Support level at $2.95, $2.82 and $2.66. Most probably will not break below $2.82. If it can rebound from $2.82, long term uptrend is still intact. Prospect of company is good. Good stock for long term investor.

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