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Thursday, February 22, 2007

PSD - Psivida Limited (ASX)

Our previous post for KIM achieved 10% in 2 days confirming our analysis. This is another example of a potential quick 10% gain that technical analysis can deliver. PSD has a bullish MACD and Stochastic setup and is trading above the 50 DMA trend line. A break of $0.26 would project a quick move into resistance (blue lines) of $0.29 - $0.34.