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Message: New buy recommendation...

New buy recommendation...

posted on Oct 22, 2009 05:36AM

Today's morning report from Investtech described Questerre Energy and Yara as buy candidates.


- Questerre Energy is in a strong rising trend and a continued positive development is indicated. The stock has broken through resistance at approx. 13.00 kroner (2.44 CAD). Further rise is thus signaled, and there is now support at 13.00 kroner should the stock fall. On the upside, there is little resistance before 30 kroner (5.6 CAD). Volume Tops and bottoms correspond well with the tops and bottoms in the price. Volume balance is also positive, which strengthens the trend picture. The stock is however negative for insider purchases. Short term: Buy candidate. Medium-long term: Buy Candidate, says Taugbøl.

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