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Thursday, May 05, 2016

BJToto: Testing Its Recent Low Again

BJToto is like an old movie star- neglected and ignored! But, like an old soldier, BJToto refused to die nor fade away. At around RM3.00, it has been able to stage a decent rebound to as high as RM3.30. That's a 8-10% return for a 3-month holding period. Guess what: It's coming close to the RM3.00 mark again!

Based on technical support, I think BJToto could be a good trading BUY. It is advisable to set your stop loss at 5-10 bids below the August 2015 low of RM2.90.


Chart: BJToto's weekly chart as at May 4, 2016 (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, BJtoto

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