Nam Cheong - again on target.

Its was exactly a week ago when I recommended a buy-in on Nam Cheong when it moved into one of its reaction low @ 0.310. Now exactly a week later, the stock raised and closed at its highest price, 0.350. Clocking in a gain or more than 10% in just a week! Further potential upside to be expected. Analysis below.

Stochastic indicator moved into overbought region, MACD crossed its center line "0", into positive region. both show signs of promise in Nam Cheong continuation uptrend move. The stock is now at its immediate resistance of 0.350, a break above might see a strong shoot-up in price. My own target price will be @ 0.400. Let see if I am able to keep getting it right.

Cheers!