Chart: Sunrise's daily chart as at Apr 6, 2010_10.00am (Source: Quickcharts)
Based on the bullish breakout, Sunrise could be a good trading BUY.
Tuesday, April 06, 2010
Sunrise may have a bullish breakout
Sunrise has broken above its horizontal resistance at RM2.30. It is likely to continue with its prior uptrend. The immediate resistance is at RM2.60-65.
Chart: Sunrise's daily chart as at Apr 6, 2010_10.00am (Source: Quickcharts)
Based on the bullish breakout, Sunrise could be a good trading BUY.
Chart: Sunrise's daily chart as at Apr 6, 2010_10.00am (Source: Quickcharts)
Based on the bullish breakout, Sunrise could be a good trading BUY.
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6 comments:
morning alex. please comment on FARLIM. yesterday i read old news, found that MPHB hold 10% stakes in FARLIM. MPHB intend to venture into property market through FARLIM. can buy FARLIM now?
hi alex,
i'm curious to know how do u know what stocks having a breakout? Do you see the top gainers/volume or do you have a software that filter those stocks with breakouts?
thanks
maxwealth88
Hi Alex,
Any reason why a trading buy and not a buy for medium term? Thanks.
Hi wong,
There is no sign of a play developing in FARLIM. Wait for an upside breakout above RM0.35-36 for the start of a possible rally in the stock.
HI MaxWealth88,
I do not have any software to track the market. I looked through the charts of many of the stocks in the market- stocks that have good volume or a big price movement (whether a drop or a rise). In the process, I know roughly their breakout level. I also read through all quarterly results announcement. This gives me an idea of the out-performing companies on our market. By doing these, I think I can spot 30% of the big movers in the market.
Hi David Ng,
Sunrise can be both a trading buy and a buy for medium term investment. You may say this & Suncity are my favorite picks for the property sector.
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