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Breakout the resistance line of $0.735.
Breakout Res $0.71 with high Vol, next Res is $0.735.
Extract from Phillip Securities Research 29 May 2007:
Upgraded its rating on China Sun to "buy" from "hold", citing its attractive valuation.China Sun currently trades at appealing valuations of 7.9x FY07 PER and 6.3x FY08 PER. Believe that such low valuations are unjustified, given its leading industry position and medium term growth potential. Therefore upgrade our recommendation to BUY and raise our Fair Value Estimate from S$0.81 to S$0.855, based on 9x blended FY07/08 PER.
My own TA: Resistance $0.71, Moving Ave +ve, ADX moving up +ve, Stochastic rising +ve & MACD just turning +ve, cut loss $.66. Vested, hope can make some coffee .