San Diego, CA 10/15/2009 9:14:31 PM
Charts of RNWK, ORS, PTN, and KAZ Reviewed
BMB Munai, Orsus Xelent Technologies, RealNetworks, and Palatin Technologies are analyzed from a chartist's perspective.
Charts of RealNetworks Inc. (RNWK), Palatin Technologies Inc. (PTN), BMB Munai Inc. (KAZ), and Orsus Xelent Technologies Inc. (ORS) have been dissected by the Small Cap Network's technical trading analyst. The discussion and write-up offers projections as to where each of these stocks is likely to be headed next.
BMB Munai shares have broken above a short-term ceiling around $0.97 cents.The stock did the same in late September, but to no avail then. This time, however, the effort seems robust enough to get traction; the buying volume is growing considerably.
Palatin Technologies Inc. (PTN) was actually highlighted as a trading idea several days ago, when the stock broke past a key ceiling. PTN pulled back shortly afterward though, and stagnated. Just this week, a key support level has come back into the trading picture and renewed the bigger-picture uptrend.
Orsus Xelent Technologies Inc. (ORS) made a big gain on Wednesday, though has done little else to suggest more upside is ahead. The rally was suspiciously halted around $1.16, which has been a problem area for ORS of late. The analyst explains in the write-up what a healthy breakout effort should look like.
RealNetworks Inc. (RNWK) is also reviewed in the commentary, though primarily because it's one of the open trade suggestions the site is currently following. The updated view warns prospective investors of the risks involved with jumping in right now, and also notifies current RNWK owners that a near-term pullback may be on the way.
Investors can review the entire discussion and see the charts of BMB Munai, Orsus Xelent Technologies, RealNetworks, and Palatin Technologies by visiting: http://www.smallcapnetwork.com/s/.
About SmallCapNetwork
The Small Cap Network web site and free newsletter offer in-depth fundamental research and technical trading recommendations on select companies within the global equity markets, including small company stocks, micro cap stocks, bulletin board stocks, and other actively traded stocks.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
SmallCapNetwork.com is not a registered investment advisers or broker/dealer. SmallCapNetwork.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for many of their securities, investing in such securities is highly speculative and carries a high degree of risk.
Contact Information:
Small Cap Network
4653 Carmel Mtn. Rd
Suite 308 #402
San Diego, CA 92130
Email: editor@smallcapnetwork.com
Source: Small Cap Network
