Monday, March 25, 2013

Presbhd- poised for breakout?

Presbhd may have a bullish breakout above its intermediate downtrend line at RM1.20. Despite the bullish breakout which came in the early morning, its trading for the rest of the day shows persistent selling. Let's wait & see whether the stock can stay above the RM1.20 mark. If so, the breakout is valid and one can take up a small position & wait for the next push. Potential gain is about 15-20 sen.

Chart: Presbhd's daily chart as at Mar 25, 2013 (Source: quickcharts)

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, Presbhd.

No comments: