Wednesday, June 20, 2007

BJToto has a bullish breakout

BJToto has finally broken to the upside of the strong horizontal resistance of RM4.96/98. As at 11.00 a.m. this morning, it has gained 25 sen to hit RM5.30. Volume is also very substantial. With this breakout, BJToto would be a good trading BUY. You may also like to consider the related CW, i.e. BJToto-CB.


Chart: BJToto's daily chart as at June 19 (courtesy of Quickcharts)

This is strictly a technical call without any consideration of the company's financial performance & position.

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