Chart: Muhibah's daily chart as at Apr 7, 2010_3.05pm(Source: Quickcharts)
Based on the bullish breakout, Muhibah could be a trading BUY.
Wednesday, April 07, 2010
Muhibah may have a bullish breakout
Muhibah had been dropping since it touched a high of RM1.67 on June 12, 2009. It has now broken above the downtrend line at RM1.05. It has also broken above the horizontal line resistance at RM1.07-8. Its next resistance is at RM1.20 & thereafter at RM1.25 & RM1.35-40.
Chart: Muhibah's daily chart as at Apr 7, 2010_3.05pm(Source: Quickcharts)
Based on the bullish breakout, Muhibah could be a trading BUY.
Chart: Muhibah's daily chart as at Apr 7, 2010_3.05pm(Source: Quickcharts)
Based on the bullish breakout, Muhibah could be a trading BUY.
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2 comments:
Hi Alex
Would you happen to have this stock TSM under your watchlist? Any view on this counter? Cheers.
Hi John,
I did not cover this stock. It's a very profit auto parts manufacturer but the share price has risen a lot.
TSM is now resting on its 20-day SMA line support of RM3.26, If this support is violated, it may find suppotr at the 50-day SMA line at RM2.94.
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