Wednesday, January 18, 2012

PChem may have a bullish breakout

PChem broke above its downtrend line at RM6.35 as well as its horizontal line at RM6.40 yesterday. With this breakout, PChem is likely to rise further. As at 4.30pm, it was trading at RM6.63- a gain of 12 sen over yesterday's close of RM4.51.

Based on the bullish breakout, PChem could be a trading BUY.

Chart: PChem's weekly chart as at Jan 18, 2012_4.30pm (Source: Quickcharts)

1 comment:

Big Sea said...


What is your opinion on MBSB and YHS on both business perspective and Technical Analysis perspective ? Thanks !