E&O, which has broken above its medium-term downtrend line 3 weeks ago, has just surpassed its recent high of RM1.20. With this, E&O is continuing on with its prior uptrend. Its next resistance will come from the horizontal lines of RM1.40, RM1.60 & RM1.80.
Chart 1: E&O's weekly chart as at August 5, 2009 (Source: Quickchart)
Chart 2: E&O's daily chart as at August 5, 2009 (Source: Quickchart)
1 comment:
Good day Alex,
Please assist to provide analysis (both FA & TA) for SCOMI Engineering whom will b releasing Q2 result soon.
Thanks.
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