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Tuesday, December 11, 2012

P&O- uptrend may continue

P&O broke above its September 2012 high of RM1.30 today. With this breakout, the stock is likely to continue with its prior uptrend. Its target price for the this move could be RM1.50.

Based on techncial breakout, P&O could be a trading BUY.


Chart 1: P&O's daily chart as at Dec 11, 2012_2.45pm  (Source: Quickcharts)


Chart 2: P&O's weekly chart as at Dec 11, 2012_2.45pm  (Source: Quickcharts)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, P&O.

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