Chart 1: TChong's daily chart as at June 22, 2011_10.00am (Source: Quickcharts)
Chart 2: TChong's weekly chart as at June 22, 2011_10.00am (Source: Quickcharts)
Based on the above technical breakout, TChong could be staging a recovery soon. The stock could be a good medium-term investment. The good entry level is the 10 to 20-w SMA line at RM4.48-4.58.
2 comments:
Hi bro alex. please comment on IJMLAND. There will be a major corporate exercise soon which will see the IJMLAND price break record high. How IJMLAND technically ?? please analyse it asap !!! thx.
Hi wong
The indicators have turned positive for IJMLAND. If it can break above the RM2.95-3.00 resistance, its uptrend may continue.
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