Monday, April 14, 2008

EGTS 14Apr 2008



- Good fundamentally.
- Long accumulation period.
- Too many shares.
- Good support point (8.35LE). Company is NOT known to respect support points though.
- Volume penetrated average volume 3 times, once each month!
- This could be due to informants byes or large investors testing the sell power, or maybe accumulating.

- I would bye upon a rebound of 8.35 support and sell well above 9LE as the market permits.(7.7%)
- Safe Swing trading ONLY for the time being.

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