The stock has broken to the upside of a ascending triangle at RM0.73. Its next resistance is at RM0.88-90. See the daily & weekly charts below.
Chart 1: PJDev's daily chart as at Nov 17, 2009_9.40am (Source: Quickcharts)
Chart 2: PJDev's weekly chart as at Nov 17, 2009_9.40am (Source: Quickcharts)
2 comments:
can u comment on the Sunrise? price did not perform proportional to its good quaterly report. I wonder shoud i hold it for long term or ?
thanks
Hi 仑襁,
Sunrise looks weak. It should find support at the 100-day SMA line at RM2.10. Its overhead downtrend line resistance is at RM2.60.
For short-term, it is likely to drift lower towards the 100-day SMA line and maybe momentarily testing the psychological RM2.00 before recovering.
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