SPSetia has just broken below its immediate uptrend line support at RM3.20-30. The next support is the horizontal line as well as psychological support of RM3.00. The RM3.00 support level should provide a respite from the sharp selldown but, if it were violated, the stock could test its long-term uptrend line support at RM2.70.
Chart 1: SPSetia's weekly chart as at June 26th (source: Quickcharts)
Chart 2: SPSetia's monthly chart as at June 26th (source: Quickcharts)
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