Thursday, July 04, 2013

MYEG- Uptrend to continue

MYEG broke above its short-term downtrend line, CC (or, to the upside of the triangle) at RM1.65. With this breakout, MYEG is poised to continue its prior uptrend. Its next target price could be RM2.00.

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

Chart 1: MYEG's 180-min chart as at July 4, 2013_12.30pm (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, MYEG.

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