Megan testing its Jan low of RM0.565.

On August 21, I've recommended Megan as a good long-term investment. This is a technical update.

Today, Megan has broken below the Jan low of RM0.565. It went as low as RM0.555 before recovering to close at RM0.57. The last two days & today's volume traded are fairly big. Over the next few days, the selling may continue. We will have to wait & see whether this important horizontal support will hold or break.

















Chart: Megan's daily chart as at August 28