HMPRO : At 8.8-9.00 it’s a MT buy, at 9.45-9.50 a ST punt.

We like HMPRO in terms of the likelihood of a new all-time high before long. A breakout above the August 2011 high at 10.90 should be seen during late December-January, so for now we are looking to accumulate on weakness.

Monday has 9.8 back to 9.7 as first support, and for the week 9.5 or so. It will struggle to move beyond 10.25. If luck has it and the stock falls steeply to nearer 9 we will start to accumulate in size, with a 3 month target of 11.40. Our long term target – meaning 2 to 3 years is 14.50 to 15.

ITD : 6 days with a low at 3.58…WTF, is the market maker waiting to kill us with a 357 magnum?

ITD’s chart reeks of market maker actions, which for anyone who has watched the stock for more than 5 minutes will hardly be a surprise. It’s just a matter of time before the 357 goes bang and the counter starts a descent to 3.45-3.47 possibly 3.40-3.42.

At best another bounce to 3.65 or so will be seen, but overall the stock looks bearish, and will remain so unless a rebound a solid daily close on high volume above 2/76 os posted on the day chart.

SPALI : Two weekly closes below previous high suggests a pullback to the 10.50-9.80 range should ensue

A solid performer of late, risk here is high after the two weekly closes below the 2010 high of 13.50, and indeed if the stock is to hold up it needs to close above here this week at the very least.  Next supports are 12.50 then 12.20, from where there is not much in the way of strong support until about 11. A market drawdown to 900 or so should be enough to force this stock to 11 or slightly lower, but it wil be worth to play for the rebound on the way down.

For today, with a stop just under 13, consider entry at 13.2 or so with 13.5-13.6 the first VST target. If OFFER volume looks scary, just hold off and look elsewhere.

GSTEEL : Next major support at 0.42 then 0.38

GSTEEL will be badly effected if European issues flare up beyond the current nightmare and could easily fall to the low 0.40’s. In the very short term it will have trouble passing just 0.51, and from here there is resistance all the way t 0.54 and indeed far higher.

We can not rule out a retracement to 0.37-0.38, and if a banking crisis engulfs Europe during Q4 we would not be surprised to see this stock ultimately fall to or very near 0.30

ITD : A pullback to 3, possibly 2.8 or so looks likely

ITD fell through key and indeed MT support in the 3.90-4.00 range last week. There is some support near 3.4 and again 3.26, but a dip to 3 or close, or indeed down to nearer 2.84 looks as if it will occur during Q4. Could be as soon as October.

Any bounce from 3.5 or so faces resistance from 3.60 up, with 3.70 to 3.74 a stronger barrier should a dead cat bounce ensue.

As a possible trade scenario, entry near the close at 3.54 with a tight stop should 3.50 fail to hold, with a VVST target at 3.60-3.62 and if you see a very strong global bounce Monday or Tuesday, maybe on to 3.68-3.72

SSI : Solid chance of more downside to 0.70, below which LT support near 0.50 will be in danger

SSI should continue to fall over coming weeks to 0.70 or so, with lower supports at 0.62 then  nearer 0.50. For the time being we prefer to wait and see how support near 0.70 looks before looking at the stock again.

HEMRAJ : A retracement to 1.7 or so is expected.

Popular amongst punters for a while now, we forecast a pullback to 1.7 at best, and possibly to nearer 1.5 will be seen during Q4, and like a good many other stocks we would sell if currently long. A weekly close below 2.04-2.05 will be the bearish sign that the fall will hasten in pace.

LPN : Risk of a pullback to 10.30-10.50.

No question the stock has done well and will likely to continue to do so on a medium to long term basis, but the weekly chart points to some risk over coming weeks, and a pullback to the 10.30-1050 range looks increasingly likely. As such we are sellers and will wait for a correction before re-entry later in the year.

TFD : A breakout above the 1.24-1.26 resistance will be very bullish

TFD has a major barrier at 1.24-1.26, when passed will give a technical target nearer 1.8

For now it needs to hold above 1.10 to keep it safe, with a breach here pointing to 1.02-1.03 as the next support.

Like so many stocks, what’s required for some fun and games here is a big surge in volume. Current levels are just 3-5m shares a day, but when it went crazy a couple of weeks back flows were well above 100m shares / day for a short while. It needs a repeat of this if it is to get near the 1.24-1.26 range over the next couple of days.

TYM : The waiting game continues

Always frustrating when a stock does nothing much at all whilst the rest of the market is buzzing, TYM has no support below 0.47 until 0.43, so if the 60m shares on the BID at 0.47 is taken out it should drop to 0.43 or a tad lower.

However if 0.47 holds a while longer a bounce to 0.50.051 should prevail, but a further break here will need a big volume day and an active market maker. A break above 0.51 places just 0.54-0.55 as the target.

We await the day huge flows are seen, then a punt might be in order.

BLAND : Until the day it breaks above 0.80 on huge vols it will remain a difficult trade

BLAND has a lot of history, most of it not so good, and that goes for the chart as well. In our view the stock will only be worth a punt from support until it eventually rallies above 0.80-0.81 on a massive increase in volume. This stock needs several weeks of sustained volume of well over 500m shares a day (and preferably some days with 1.5bn shares traded) to really get out of its long term trend. For the record, a break above 0.80, will be the sign of a rally to 1.00 And from 1.00 to .40-1.50 it will not take nearly as long as it is to break 0.80

On a longer term basis 2.40-2.50 looks possible.

For the VST, entry at 0.72 for 3-4 spreads, or a tad higher if the all important volume pump is turned on, in which case 0.77-0.80 may be revisited sooner rather than later.

We know someone who is still holding th stock from well above 10. He doesn’t have very nice things to say about the company.

ITD : A move to 5.5 looks increasingly likely

The long term chart of ITD on the monthly time frame gives 5.5 or so as the target for the stock, with some chance of an overshot to 6 or so.

Now it’s obviously not going to rally to such heights in a singe day, or week, but during 2H 2011 it should at least get to 5.5 in our view.

First decent support at 4.4 then in roughly ten satang increments on down t0 4….. but we doubt it will fall that far.

TASCO : Poised to hit 54.50-55.00 in the VST

TASCO looks as  if it will hit 5450-55.00 rather soon, but at 55 or so there could be a bout of hefty profit taking.

UV : If it holds above 3.06, a move to 3.30 or so looks possible

CLosing the week at 3.12, UV has key near term support at 3.06, and if it holds early this week we suspect it may rally to 3.30 or so, possibly 3.34-3.36.

If however 3.06 fails to hold then a pullback to 2.96 would not surprise.

TGCI : MT target at 7.50-7.75 confirmed, but may need to consolidate a tad first

TGCI posted its highest weekly close in nearly 7 years, and has a confirmed MT target at 7.50 to 7.75. However it may first need to consolidate a tad, with a dip to the 6.20-6.40 range once again.

Use 6.60 as the initial support and breakdown pint early his week. If it manages to hold above here, then a move to 7.5 or so could occur very quickly, and as such is one to watch in the near term.