Ascendasreit

The stock had been trading between $2.32 and $2.47 since 28 Mar. As we can see that this range seemed to be a level of resistance for the past months since Nov 2007. And today's breakaway gap (indicated by the blue arrow) is a positive sign that this could be the start of a bullish trend. Furthermore it is supported by a significant increased in volume and other positive indicators, such as CCI above +100 and RSI rising above 70%. And Accum/Dist is on the rise.

Recommendation
LONG at $2.57
STOP LOSS at $2.30
TARGET PRICE at $2.76
Reward/Risk Ratio: 0.70

AusGroup

Previously it was trading at the range between $0.88 and $1.09. After the news that "The Australia-based engineering firmwarned that it will report a loss in its third quarter.", AusGroup plunged nearly 25 percent, causing a runaway gap to be formed. Volume increased significantly meaning that there is good chance this change in market direction will continue. ADX is below both +DI and -DI, and RSI is trending downwards to oversold.

The next level to be concerned with, would be at $0.595.

Recommendation
SHORT at $0.795
STOP LOSS at $1.10
TARGET PRICE at $0.595
Reward/Risk Ratio: 0.66

Yongnam
MFI went from 53% to 68% on rising volume. ADX increased from 16% to 17%. Both RSI and CCI are rising from previous days, and heading towards overbought region.

However there seemed to be a resistance at $0.23 as buyers tried to push the closing beyond this level. Friday ended with a open and close at $0.23.

We will wait and see for the breakout to happen on Monday. If the buyers are able to push the closing above $0.23, the next price level to be worry about would be at $0.26.

Recommendation
LONG at $0.235
STOP LOSS at $0.200
TARGET PRICE at $0.26
Reward/Risk Ratio: 0.71

Updates
Apr 24, 2008: Yongnam And KTC Secure S$81.4 Million Contract For Marina Bay Sands Integrated Resort Development

Yangzijiang
ADX increased from 18 to 19 with +DI above -DI, which is a BUY signal. For the past 2 days, the trading range increased from 18.1% to 38.5% change. Trading volume increased from 7.91% to 158.6% change, after the news of trading tax cut in China. RSI also increased from 50% to 59%. Now it is currently trading above its resistance level of $1.05.

Today's closing price will tells us whether the resistance will hold.

Recommendation
LONG at $1.11
STOP LOSS at $0.87
TARGET PRICE at $1.32
Reward/Risk Ratio: 0.88

Updates
Apr 28, 2008: Yangzijiang eyes over 50% jump in earnings

China Sun
ADX rises from 16 to 17, with a strong surge (10 times) in trading volume. The trading range is around 3 times the previous day. Stochastic is going up with rising prices, signaling healthy trend.

However, there are resistance from sellers. Even though the price traded up to $0.34, sellers are pushing it down to the closing at $0.32. MAs are all pointing down, although there could be a positive change in 25d MA.

It seems that the resistance level at $0.335 is a crucial breakout point. Based on the 10 times surge in trading volume, I am willing to take on a slight risk.

Recommendation
LONG at $0.32
STOP LOSS at $0.28
TARGET PRICE at $0.366
Reward/Risk Ratio: 1.15