Z-Obee



Z-Obee-

This stock has broken the downtrend resistance with high volume. A close above 0.335 resistance is a signal to long. Z-obee has been trading positive despite the selldown in the STI within the last 3 days. The general sentiment is bearish still due to the Euro crisis. For Z-obee however, the fundamental news driving trading interest is the dual listing on the Hong kong stock exchange on 1st march. The listing price is $0.33 after conversion fo Sing dollars. Indicators are showing bottoming out signals. Stop loss at 0.3, once 0.305 support broken.