Tuesday, January 16, 2007

Onastel

Onastel convincingly broke out of its trading range with high volume of 33,119 lots.

It open at 1.12 and went up to a high of 1.23 before it closing at 1.22. The range of the candle signifies more upside. It is shouting “I am going higher.”

Value-wise, Its NTA is 1.64 and the earnings per share for the 3rd Q are 8.43c. It has the advantage of having China Steel of Taiwan as the controlling interest.

Don’t miss the boat!

As usual, this blog disclaims all liability for your perusal of its commentary or opinion.