BJtoto may test its uptrend line support of RM4.40

BJToto has been drifting lower from its recent high of RM4.96 in February this year. It may test its medium-term uptrend line support at RM4.40 in the next few days. This level should be a good entry level for a stock which pays good dividend. The next supports will be the horizontal support level of RM4.30 & RM4.00, while the next resistance level will be at RM4.50 & RM4.70.


Chart: BJToto's weekly chart as at April 27 (courtesy of Quickcharts)