Suiwah dipped below RM2.00

On July 13, I have recommended a BUY on Suiwah based on fundamental consideration. The share has recently dipped below the psychological level of RM2.00. After further studies, I've discovered that the RM1.90-2.00 level for Suiwah is a congested support area. Until it broke below the RM1.90, I would not be too unduly worry about the recent technical weakness in this share.

















Chart 1: Suiwah's daily chart as at August 17

















Chart 2: Suiwah's weekly chart as at August 17