SHARES STRONGLY UP this week 29/12/04

Evening guys, hope you all had a good day on the markets.

Im glad to see one of my investments up almost 20% today, TOU.

Iv liked this tiddler for a while now ... i did talk about this stock yesterday evening, as being a very good long term invesment. And indeed it is.



I also looked at it over the weekend, and holiday period,

Talked about how its looking good to bounce of its 21EMA and it did today!

From a basic point of view, if your going to get in i would advise people to get in first thing, or to wait until it hits the 200EMA at around 20p where im expecting it to bounce of it and have a little dip before it continues its journey north. Notice it has moved on very strong volume and fell on very small volume, Divergence is pointing upwards. 21 and 55 EMA indicating upwards, only a matter of time before the 200 EMA does the same...



It mite not even stop at the 20p mark ..... not if you follow the Elliot wave theory ... i dont know much .. but i would experiment on what iv learnt....



28p looks next target over 6 weeks, this seems likely as results are about 6 weeks away, and im expecting them to be STONKING! Company is likely to come into profit, they have already said EBITDA Positive, this is a stock NOT to be missed, it will be one of my Big winners of 2005 i intend to hold for several months. Equity Developments have said the stocks undervalued by about 200% on current fundamentals alone! They are looking to grow in the US market aswell .... READ THE RESEARCH NOTE! Its very detailed and not one to be sniffed at!

This could be tipped in the new year aswell .... thats why im going to try and add more first thing and not wait for the bounce of the 20p mark! Coz it may not happen ... Take a look at www.Touchlocal.com

Regards

Vis