Monday, July 09, 2012

MPHB's uptrend to continue...

MPHB broke above its recent high of RM3.50 (see Chart 1). With this breakout, MPHB is likely to continue with its prior uptrend. From Chart 2 below, I believe MPHB's rise could pick up momentum & swing upward to RM4.50-5.00.
Based on the above, MPGB could be a trading BUY.

Chart 1: MPHB's 60-min chart as at July 9, 2012_4.30pm (Source: quickcharts)

Chart 2: MPHB's monthly chart as at July 6, 2012 (Source: Tradesignum)

1 comment:

Dom said...

Hi Alex

With MPHB's uptrend, any recommendation on the MPHB warrants to buy? Tq