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Technical analysis studies market psychology, price patterns and volume levels. It is used to fo recast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. StockHolding Services Limited, its associate companies, and employees and Growth Avenues has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; StockHolding Services Limited, its associate companies, and employees and Growth Avenues makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness.

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