Bursa has surpassed its recent high of RM7.60 which was recorded in last May. Today, Bursa made a new high of RM7.80 & closed at RM7.75 (see Chart 1 below). Bursa-CA has also surpassed its recent high of RM1.30 recorded on Nov 27, where it achieved a new high of RM1.36 before closing at RM1.35 (see Chart 2 below).
As usual, a stock that made a new high is worth buying (or, at least tracking) as it has the tendency to go higher. How much high? Only time will tell.
Chart 1: Bursa's daily chart from May 2006 to Dec 01, 2006
Chart 2: Bursa-CA's daily chart from May 2006 to Dec 01, 2006
Hi Alex:
ReplyDeleteYou had commented Bursa in Yr 2006 positively . How about this time around? It seemed that most counters had reached their heights except Bursa still laggard behind. Is the counter going for a big surprise in Jan 2011? May you comment on its warrants CO, CP CQ CR . Which amongst them is having te best potentials after considering the limited time available due for expiry. Thanks in advance