Stock Review - TA on OSIM

The stock suffered a plunge on 26 Apr 07; But with the 3 white soldiers advancing on 5th, 6th and 9th July (on high volume of ~10M no less), this might be a signal of further uptrend for the stock.

There is strong supprt at $0.88/0.885 as shown on 9/2, 26/4 and 9/7, and I expect the stock to advance to $0.95 in the short run (short term resistance).

For the secondary signals - all 3 are uptrend indicators:
(a) MACD is above the Centreline and above the Signal line.
(b) RSI is above 70% mark and its end just turned up.
(c) Stochastic dipped below the 80% mark but its relative distribution (as indicated by the sloping blue line) is still upward trending.

Some recent announcements on SGX:
(a) 26 July - Q2 Results will be out after market close! Most analysts expect this quarter to be a much better one for Osim. (Opening day of the Simpsons Movie too! No relevance though...)
(b) 12 July - Osim announces setting up of retail markets in Middle East markets (i.e. Kuwait, Iran and Oman) by end-2007 (Rich countries but lots of political unrest)
(c) 28 May - Ron Sim bought 500 lots at btw $0.685 - $0.70. Sign of confidence?

Recommendation: Buy during the week of 16 - 20 July with Buy Price of $0.88 and a Target Price of $0.95. Consider selling or pare down your holdings by 26 July if you have no confidence in the upcoming results.