Steel producers, led by AnnJoo, rallied today. AnnJoo trades at RM3.15 as at 3.54pm-a gain of 15 sen. See Chart 1.
Chart 1: AnnJoo's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)
Some other steel producers which have just broken above their respective downtrend lines are Kinstel, Perwaja & LionCor. See the charts below.
Chart 2: Kinstel's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)
Chart 3: Perwaja's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)
Chart 4: Lioncor's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)
3 comments:
Hi Alex,
What is AnnJoo next resistance level for the current rally?
Thx.
Hi surewin1woh,
The next resistance is at RM3.40-50.
Alex,
Y the market accorded a very low premium to AnnJoo-W even the mother is running now??
Thx
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