MAS- Idris Jala must be doing something right

MAS' share price performance has been pretty good in the past 3 or 4 months. From Chart 1 below, we can see that MAS' share price was bottoming between RM2.70 & RM3.10 for about 6 months after breaking above its medium-term downtrend line in March. In September, MAS broke above RM3.10 & moved to a high of RM3.50. Since then, its has been consolidating between RM3.40 & RM3.50. 3 days ago, MAS broke above RM3.50, probably the beginning of the next leg up (see Chart 2).

















Chart 1: MAS' weekly chart as at Nov 3


















Chart 2: MAS' daily chart as at Nov 3

From the share price movement, it appears that MAS is beginning to win back investors' confidence. Idris Jala (MAS' CEO) must be doing something right.