Tuesday, January 8, 2008

Stock Pick: GMG

I have been monitoring wide spreads of small caps and since the change in the new bid sizes, small caps have been rather attractive.

GMG is a Singapore-based plantation group dedicated to long term investments in Central and West Africa. It is an integrated producer of natural rubber engaged in the planting, growing, tapping and processing of natural rubber. The Group's emphasis is on producing premium products for the European and US markets.

GMG has always been in my watchlist as it is low priced and the potential to rise is there.

Judging from the chart above, it is consolidating and signs of breakout is pending.
Once it goes past resistance of 0.135, counter will confirm the signs of uptrend.

No comments:

Brain Bliss