Kreuz Holdings (5RK.SG) +2.2% at $0.465 extending its winning streak to six sessions, with volume picking up in the last 2 days to over 6 million shares. 

No news on the oil & gas industry subsea service provider, owned by Swiber (AK3.SG), since November 18's US$6.2 million ($7.97 million) contract win, but technical signs are picking up, says AmFraser's Najeeb Jarhom. 

 

He notes Kreuz opened this year at $0.445, a tad higher than end-2010 price of $0.440 (61.8% mark between $0.515 high and $0.320 (low on debut in July) and poised to break the 76.4% point at $0.470. 

 

“A test of peak is due as the last two times $0.515 was reached were 48 and 52 days apart...it has been 52 days since the last test of high and with bullish technical signals as well as the lengthy base building since mid-November around $0.410-$0.460, it is about time the stock make a big move.”