Thursday, August 06, 2009

E&O- the rise continued

E&O, which has broken above its medium-term downtrend line 3 weeks ago, has just surpassed its recent high of RM1.20. With this, E&O is continuing on with its prior uptrend. Its next resistance will come from the horizontal lines of RM1.40, RM1.60 & RM1.80.


Chart 1: E&O's weekly chart as at August 5, 2009 (Source: Quickchart)


Chart 2: E&O's daily chart as at August 5, 2009 (Source: Quickchart)

1 comment:

SureWin said...

Good day Alex,

Please assist to provide analysis (both FA & TA) for SCOMI Engineering whom will b releasing Q2 result soon.

Thanks.