Chart: BHIC's daily chart as at Mar 28, 2011_3.45pm (Source: Quickcharts)
Monday, March 28, 2011
BHIC may have a bullish breakout
BHIC broke above its downtrend line ('RR') at RM4.05 last Friday. It also broke above its horizontal resistance (since turned into a support) at RM4.10. It nearly tested the next horizontal resistance at RM4.30. With the bullish breakout above the downtrend line, BHIC could be a good trading BUY.
Chart: BHIC's daily chart as at Mar 28, 2011_3.45pm (Source: Quickcharts)
Chart: BHIC's daily chart as at Mar 28, 2011_3.45pm (Source: Quickcharts)
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2 comments:
hi bro. please comment on Uchitec. Thx
Hi wong
Uchitec's financial performance has improved significantly from EPS of 7.2 sen for FY2009 to 14.2 sen for FY2010. As such, it is now trading at a PE of 10 times.
Uchitec has a decent rally last 2 weeks. It would soon encounter strong resistance at the horizontal lines of RM1.50 & RM1.60. Until these double horizontal lines are overcome, Uchitec's upside will be quite limited.
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