6 tech stocks to re-energise your portfolio

 Source: TheEdge Markets   |   Publish date: Fri, 21 Apr 2017, 03:39 PM   |    >> Read article in News website

SINGAPORE (April 21): In our Hot Stocks technical analysis section, we take a closer look at six tech stocks which appear to have sidestepped the industry's fatigue and whose uptrends remain intact.

Selected tech stocks such as Venture Corp ($12) have made new all-time highs in terms of both price and quarterly momentum. Others like Addvalue Technologies (4.7 cents), whose quarterly momentum is in a recovery phase, appear to be gaining strength.

Stocks that have made accelerated gains this year are likely to move into consolidation and corrective phases.

Among the last are AEM Holdings ($1.48) and Global Testing Corp ($1.41), which appear ready to consolidate gains. Resistance has been established at $1.58 and $1.46 for AEM Holdings and Global Testing Corp respectively.

Indicators for Avi-Tech Electronics (43 cents) have weakened and now point to a continued corrective phase, although the main uptrend should remain intact as the rising 50-day average is at 37.6 cents.

Interestingly, blue chip ST Engineering ($3.78) is testing a thrice-tested resistance and may attempt a breakout if volume expands. A successful breakout will provide the impetus for prices to test $4, an important resistance.

For the full overview and analysis, pick up the latest copy of The Edge Singapore, (Issue 776, week of April 24), available at newsstands now.

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