Stockwatch: AGI, CMT, FPH, GEO, LC, NI

(AGI Chart as of May 28, 2009)

AGI breakout from the small pennant formation formed.

Measured target price of the small pennant is @ 3.35. But AGI might encounter some resistance around 3.20 which is the breakdown point of AGI from the H&S pattern last October 2008.

(CMT Chart as of May 28, 2009)

CMT encountering resistance @ .80 seems to be forming the 3rd pennant.

Breakout from the 3rd pennant will give a target price @ 1.10.

(FPH Chart as of May 28, 2009)

Do you believe in saying if price did not go down as expected then it will go up.

FPH chart shows a head and shoulder pattern from Feb 2009 to Mid-Apr 2009.

FPH did not breakdown, but instead went up and seems for form a flag formation with a resistance @ 30.50.

30.50 is also the previous high of the head of the H&S pattern.

Shall we watch out for the breakout of the flag formation, pass the 30.50 and reach the target price @ 37?

(GEO Chart as of May 28, 2009)

GEO encountering resistance @ .70 but made a higher volume today.

Will this breakout from the flag formation @ .72 and head towards the measured target price @ .83?

Watch out for the .72 breakout and huge volume.

(LC Chart as of May 28, 2009)

LC gapped up and reached the meausred target price from the flag breakout.

New support for LC now @ .19. should this hold then the next target price is around .26.

Volume is higher than yesterday volume.

(NI Chart as of May 28, 2009)

NI confirmed a breakout from a 2nd pennant today with a higher volume than yesterday.

Measured target price @ 9.0 (2nd pennant) or @ 10 (1st pennant)