Friday, February 02, 2007

Maybulk has just surpassed its all-time high of RM3.08

Sometime back, I've recommend a buy on Maybulk (here) when it was about to break above its downtrend line at the RM2.33 level. The anticipated breakout did happen & the stock has risen steadily to the RM3.00 level. Today, it has surpassed its all-time high of RM3.08. If it can hold above this new break, Maybulk may continue to rise.


Chart: Maybulk's weekly chart as at Jan 31

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