Maybulk: Testing its downtrend line

Maybulk is now testing its downtrend line at RM1.33. This coincides with the horizontal line at about RM1.30. An upside breakout above RM1.33 could signal the start of price recovery for Maybulk.

Based on technical consideration, Maybulk could be good a trading BUY if & after it has surpassed the RM1.33 mark.


Chart: Maybulk's daily chart as at Jan 20, 2015_10.30am (Source: ShareInvestor.com)

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, Maybulk