Wednesday, July 16, 2008

Updated ABAT charts/comments

ABAT has held its uptrend really nicely and appears poised to make a run at the high a few weeks ago near $6.25. If it gets above that $9 + is possible based on technical analysis.

With the Olympics coming up in Beijing + their electric powered batteries powering some cars / buses there (for show) it should be interesting to see if there are any announcements.

Oh, and their lithium ion batteries are at work in the Color Changing Water Center with CREE's LED technology if anyone is interested..... <--just change the ticker and use this resource. They estimate a $12.25 target with the P&F Charts for ABAT & my target was $11-$12 so it is nice to see this.....

Dan Ross

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