Latest News: Sinotel Wins Maintenance Contract from China Telecom

Well, latest update news from Sinotel Technologies, winning a maintenance contract from China Telecom.

Will this have impact on Sinotel Technical Analysis share price which currently stands at 0.485?

When I check entire graph on the stock price movement for Sinotel, it is forming a double V-formation since 18 Sept 2009. I would say the short-term play on this stock will be at 0.540 - 0.555, from there on we will see what is the strategy Technical Analysis for Sinotel..

Anyway, for today's candlesticks on Sinotel, it has formed a signal on White Opening Marubozu
Bullish Harami, meaning it will depends on if the market opens with a gap, this stock will be pushed further to 0.54 - 0.555 range.

As usual , SOBAYOR,

Star-Trader

I see something in Sinotel for short-term play..

Well, my fren was saying that Sinotel is having share placement but yet it is still edging higher and higher. Why? Because the share placement is depends on whether it is use for survival or business expansion. For this case, is to get more business which is good in terms of outlook.

Mid-term to Long term should be good for Sinotel which more telco infrastructure projects coming up in China.

But short-term play, lets look out for this, another shot at 0.655? if the resistance at 0.635.

From the chart, bullish star candlestick is overcoming bearishness , with momentum in-placed, Sinotel is the stock to watch for short-term, yes..short term.

SOBAYOR,

rgds, star-trader...