Thursday, September 07, 2006

Plantation may test its ST uptrend at 3688 soon.

Plantation may test its short-term uptrend line at 3688 before the week is out. With bearish divergence in volume as well as the MACD, my gut feeling is that it may break below the uptrend line & thereby, triggering the long-anticipated correction for the sector (see the chart below).

















Chart: Plantation's daily chart as at Sep 6

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