Wednesday, October 19, 2011

PICorp may have a bullish breakout

PICorp broke above its intermediate downtrend line at RM0.19 on October 14. Today, it broke above the psychological RM0.20 level. With these breakouts, PICorp could rally to test its horizontal resistance at RM0.225, RM0.245 & RM0.27. It closed at RM0.215 today.

Based on the above, PICorp could be a trading BUY.


Chart: PICorp's daily chart as at Oct 19, 2011 (Source: Quickcharts)

If you want to read about PICorp, check out my earlier post (here).

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