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DMX
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Gallen
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11-May-2006 08:37
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Extracted from my blog http://kelongstocks.blogspot.com [b]Technical Analysis[/b] After breaking from a bullish flag formation on 22 Feb 06, prices continued to drift in a trading range (between 91 cents to $1.04). Prices generally held steady above the EMA 50 support during this period. In the process, a double bottom like formation was formed and the neckline resistance at $1.02 was breached today in a breakout on high volume. Technical target for this breakout is $1.13. If prices can break through $1.07 convincingly, DMX could be headed for a technical target of $1.23. Resistances: $1.07 (resistance in Feb 2006), $1.13 (high achieved in Oct 2004) Supports: $1.02, $1, $0.96 (EMA 50), $0.945 (recent low in double-bottom formation) ..........continued at my blog |
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Gallen
Senior |
10-May-2006 21:04
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Extracted from my blog http://kelongstocks.blogspot.com [B]Fundamental Analysis[/B] 1Q FY06 results very strong compared to corresponding period in FY05, with revenues up 78% and net profits to shareholders up 75%. This is due to sales to more countries (improved contributions from acquisition of Packet Systems) and increased contributions from CATV (cable TV) market - digitization of CATV in China driving demand. Management has reiterated guidance for net profits to grow over 30% compared to FY 05, I think a figure closer to 67% is more likely given its strong 1Q FY06 results which is traditionally the weakest quarter. EPS figures for 1Q FY06 and FY06E takes into account the full impact of placement of new shares to Venture Corp, outstanding options and also contingent issue of shares for acquisition. With strong outlook for 2006, DMX should be trading at around 15x forward P/E for 2006...........continued at my blog |
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