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Friday, April 27, 2007

Daystar Technologies (DSTI)


In my March 15 post on DSTI, I had mentioned that this is due for consolidation but positioned to rise on a long run. After meeting with resistance at $5.50 and consolidating for a few weeks now, it is currently trading at $4.30. As you can see in the chart above, it is testing the uptrend line and downtrend line for support. As mentioned in my earlier post, I think this area provides a good entry point. If volume was an indication, the price will soon follow suit.

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Disclaimer:The investments discussed in this blog is my personal opinion. Investors must make their own investment decisions based on their specific investment objectives and financial position. Investing idea takes no responsibility for the accuracy of the information provided.