Stock Watch
2010.09.06 16:42:33Stock Analysis
Stock : LENOVO GROUP ( 00992 )
Suggestion : $4.7 ( Buy )
Target : $6
Resistance : $5.3
Support : $4.51
By technical analysis, 10-day moving average is now at $4.51. 50-day moving average is at $4.67. It signals to head north as it recoups the 50-day moving average. Meanwhile, RSI-14 is 53. It hovers above the 50-mark level, which suggests to staying on strong side. In the Stochastic Oscillator, %K climbs above %D as it unveils a buying signal. Analyzing the share price movement, the previous high is at $5.3 and the recent low is $4.36. Measuring from the recent low, Fibonacci 0.382 retracement is $4.71. It hopes to recoup the 0.382 retracement, and poises to trace further upward trend.