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)
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1 comment:

  1. SureWinFriday, August 07, 2009 8:41:00 AM

    Good day Alex,

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

    Thanks.

    ReplyDelete