Ann Joo may continue its uptrend

Ann Joo has done very well since I posted a BUY for this stock in August last year (go here). After making a high of RM4.06 in April, the share price has been consolidating in a pattern known as a pennant. The share price broke to the upside, with big volume yesterday (with the breakout at RM3.80). Today, the share price has retraced back to the breakout level. If the share price can sustain above RM3.80, there is a good chance that this stock may continue its uptrend soon.


Chart : Ann Joo's daily chart as at September 27 (courtesy of Quickcharts)