Friday, March 29, 2013

Tienwah- uptrend to continue

Tienwah broke above its horizontal resistance at RM2.15 on March 25. The breakout was not accompanied by increased but not significant volume. Then again, this stock is relatively quiet. For more on this stock, go here.

Based on this breakout, Tienwah may rise to RM2.40-2.50. As such, this stock could be a good trading BUY.

Chart: Tienwah's weekly chart as at Mar 28, 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, Tienwah.

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