Tuesday, December 18, 2007

Commerz is testing its uptrend line support

Commerz is testing its uptrend line support of RM10.40. We can also expect strong support from the psychological support of RM10.00. A rebound from these supports is likely. Thus, Commerz could be a good Trading Buy, with a stop loss at RM9.90 (i.e. 50 sen below the uptrend line support of RM10.40).


Chart: Commerz's weekly chart as at December 17 (courtesy of Quickcharts)

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