Wednesday, July 24, 2013

BJFood- uptrend to continue

BJFood has just broken above its horizontal resistance at RM1.80. With this breakout, the stock may continue with its prior uptrend. Its immediate resistance would be RM2.00 & likely target will be RM2.20.

Based on technical consideration, BJFood could be a good trading BUY.

Chart: BJFood's daily chart as at July 24, 2013_4.00pm (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, BJFood.

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