Rocksource 12.12.2007

Rocksource has since 20.11.2007 been in an almost constant rising trend. There was a breakout from the falling trendline beginning of December, and from looking at the ADX we see that the trend that has developed is very strong. RSI and the price chart coincide good indicating no major change in trend yet. But as RSI is getting high we have to pay close attention to it the days to come. It is important that the momentum is continuing. At the moment there is room for a pullback to about 1.70 NOK.

Marine Harvest 07.12.2007

Here at www.mytraderscorner.com we are now getting more and more positive to MHG. The stock has fallen substantially the last few months, and it now seems that some of the negativeness is coming to an end. The overall trend in the stock is still very negative but there is now a small positive trend under development. We see this both from the price chart and from the RSI chart. Looking at ADX it is also clear that the negative strong trend is weakening.
RSI also show a breakout from the negative trend. Target for now is set to about 4.40 NOK with a potential fall down to about 3,30 NOK at first.

PA Resources 04.12.2007

Par is a stock that has been recommended by the finance institutions for buying for a long time now. Is it likely that the stock will start rising now? There was a top in stock price 7th of November this year, the top was not the highest high but it is significant as it define the trendline. Since this top the stock price has fallen quite significantly and has found support at about 46 NOK. Combining the price chart and RSI chart we see that there is good correlation. It is also clear that the RSI value has risen lately while the stock price has been moving sideways . This must be seen as a good sign but leaves also room for a small price fall. ADX is high indicating strong trend, but we also see that -DI is decreasing which is a good sign. Overall it seems that the stock has got a minimal downside (if the support level holds) and potential target at about 61 NOK.