EARTH : Another new high still possible.

On July 25 we said of EARTH when it was 494…. “We think EARTH has a better than 50% chance of rallying past the recent post IPO high at 5.20, with 5.50 our target for an aggressive volume supported breakout in to blue skies.”

It got to 5.45 the next day and it may have another go at a new high rather soon. This time 5.65-5.70 looks possible.

However if US markets do not rebound overnight it may test 5 again, even a tad below, but given the SET rally is not over yet and the market maker here has unfinished business, the odds are still good for a new all time high since IPO.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: