Commerz is testing its uptrend line support

Commerz is testing its uptrend line support of RM10.40. We can also expect strong support from the psychological support of RM10.00. A rebound from these supports is likely. Thus, Commerz could be a good Trading Buy, with a stop loss at RM9.90 (i.e. 50 sen below the uptrend line support of RM10.40).


Chart: Commerz's weekly chart as at December 17 (courtesy of Quickcharts)