This is a personal weblog, reflecting my personal views and not the views of anyone or any organization, which I may be affiliated to. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
Wednesday, June 12, 2013
Astro- broke its uptrend line at RM3.00
The rollout of a new cable TV on June 9 by ABNxcess brought an end to Astro's recent rally. Today, astro broke its immediate uptrend line (SS) at RM3.00. With this breakdown, Astro is expected to slide further, possibly testing its longer term uptrend line (S1-S1) at RM2.75.
Based on the above, Astro is now rated a trading SELL.
Chart: Astro's daily chart as at June 12, 2013_12.30pm (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, Astro.
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