JTH's Chart Analysis

JTH Davies Holdings, Inc. (JTH) was originally incorporated in 1946 as Theo H. Davies &Co., Far East Ltd., a Philippine branch office of Theo H. Davies & Co., Ltd., a Hawaiiancorporation. In 1973, James Matheson & Co. of Hong Kong acquired the Hawaiianparent, and in 1974, the name of the Philippine branch office was changed to JardineDavies, Inc. As Jardine Davies, the Company used to engage in a range of activities suchas the distribution of agri-chemical products and construction supplies, and middleincome housing, through former wholly owned units, subsidiaries and affiliates.After undergoing an internal reorganization, the Company amended its primarypurpose in October 2004 from wholesale distribution to that of a holding company.

recommendation: BUY jth
should hold 2.6-2.5
resistance- 2.8-3
a break out of 3 with strong volume will move the price to 5