Laggards (as of 27 Apr 07)

Hi all, in conjunction with my previous posting on laggards, here is an update on them. This week will likely be quiet given golden week holidays in Japan,China and Labour Day holiday in several countries. Our market still appears to be soft and in consolidation mode, so chance to sell into strength and buy dips for this week.

Advanced Holdings - looks like forming a rounding bottom formationand onward to test the gap resistance at 43.5 to 52.5 cents, still believe in the recovery play for this counter.

Asia Water - uptrend, short term looks ready to break ascending triangle at 84 cents, support at 77.5 cents.

Bright World - good results, broke out trading range between 34 to46.5/47.5, now on to resistance at 51 to 52 cents.

CH Offshore - spiked up to due Kim Eng's buy call, looks overbought at the moment, shooting star on 25 apr is also bearish, prefer to buy dips into gap support at 54.5 cents.

CNA - some bullish divergence in RSI, support at 53 and 51.5 cents

DMX - broke 58 cents support again, 56.5 and 55 cents should provide support, downside limited

Fung Choi - resistance at 73 to 74.5, still in ascending triangle formation, bounced off support at 66 cents.

GMG - evening star on 23 apr ended rally. immediate supports at 16cents, 15 and 14.5 cents.

Hongwei - 41.5 cents high reached in apr last year proving to be a strong resistance, must close and hold above this level to see more upside. potential double top formation at the moment. supports at 37and 37.5.

Huan Hsin - range bound, support at 56 to 57 cents

K1 Venture - tight range between 31.5 to 33.5 cents, bollinger bands tightening, may have some volatility.

Karin Technologies - consolidation after breakout last week, 23.5 to 24 cents should provide support

LMA - range bound between 56 to 60 cents for now.

Midsouth - still trending down, indicators oversold, 65 to 66 cents to provide immediate support

Sarin - consolidation after rounding bottom breakout, support at 65 cents to 66 cents.

Sinwa - consolidation after hitting a high of 64 cents, 55 cents should provide good support.

Sp Windsor - another counter with rounding bottom breakout, 25 to 26 cents are immediate support levels.

Techcomp - in uptrend channel, support at 40 cents, still looking strong

Teckwah - another counter in consolidation mode after making a new high only to be halted by gravestone doji, supports at 27 and 26cents

Westech - symmetrical triangle formation, needs to take out 29 cents to resume uptrend, may just peter out though given lack of liqudity.

Yaan Security - took out the 23 cents high set a year ago in rounding bottom breakout, 23 cents to provide immediate support, indicators still looking bullish.

Have a good week ahead!