SPSetia broke its immediate uptrend line

SPSetia has just broken below its immediate uptrend line support at RM3.20-30. The next support is the horizontal line as well as psychological support of RM3.00. The RM3.00 support level should provide a respite from the sharp selldown but, if it were violated, the stock could test its long-term uptrend line support at RM2.70.


Chart 1: SPSetia's weekly chart as at June 26th (source: Quickcharts)



Chart 2: SPSetia's monthly chart as at June 26th (source: Quickcharts)