You may buy on weakness if the share can hold above the breakout level.
Chart: Kencana's daily chart as at March 30
Note: This is strictly a technical call without any consideration of the company's financial performance.
Monday, April 02, 2007
Kencana has broken above its downtrend
Kencana has broken above its medium-term downtrend line at the RM1.16/18 level on Friday (March 30). Its immediate resistance is at RM1.35 & thereafter, it may test its recent high of RM1.55.
You may buy on weakness if the share can hold above the breakout level.
Chart: Kencana's daily chart as at March 30
Note: This is strictly a technical call without any consideration of the company's financial performance.
You may buy on weakness if the share can hold above the breakout level.
Chart: Kencana's daily chart as at March 30
Note: This is strictly a technical call without any consideration of the company's financial performance.
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