Wednesday, May 11, 2011

Esso- may have a bullish breakout

Esso has just broken above its ascending triangle (and recent high at RM4.40). The stock could potentially hit a target of RM5.00.


Chart: Esso's 60-minute chart as at May 10, 2011 (Source: Quickcharts)

Based on the bullish technical breakout, Esso could be a good trading BUY.

No comments: