Monday, April 30, 2007

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)

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