JOBST- the next upleg has started

Jobst has just broken above its all-time high at RM2.90. With this upside breakout, Jobst's next upleg has started. If Jobst's current move is equivalent to the distance between the recent low of RM2.10 & the breakout level of RM2.90, then the price target for the current move would be RM3.70.

Based on technical breakout, Jobst could be a good trading BUY.


Chart: JOBST's monthly chart as at Apr 26, 2013_11.50am (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, JOBST.