Monday, May 20, 2013

E&O- uptrend to accelerate

E&O has finally broken above the horizontal resistance at RM2.00. With this breakout, E&O's uptrend is expected to accelerate. Its next resistance would be at RM2.50. Based on bullish technical outlook, E&O could be a trading BUY.

Chart: E&O's weekly chart as at May 20, 2013_9.45am (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, E&O.

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