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Friday 11 April 2014

Dyna-Mac - something brewing?

I recently noticed an increase in buying interest for this stock. Stock has been trading around its lowest support level for quite some time, however recent days there seem to be an increase in buying interest. This might be inline with the company's recent announce of its cash dividend, but I suspect there is something more.

Charts show that stock price has broken out of its down trending channel and moving towards its immediate resistance @ 0.405. A break and closing price above this level will provide more substantial support to my observation.
















Chart analysis to come later.

Cheers!

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