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