Sunday, August 15, 2010

Century Logistic

Century closed at 1.72 with an upside gap last Friday. This gap is a reflection of eagerness in buying. Strong resistance is likely to emerge at 1.73. A good entry point to enter is at 1.62. That's where the gap broke out. Be patient, wait for the gap to close. However, should 1.73 be breached convincingly, chase the stock.
Fundamentally, the company has done extremely well. The latest two quarters showed tremendous growth. Click here for more info.