Tuesday, January 12, 2010

Leader has just surpassed the horizontal resistance of RM0.82-83

Leader has just surpassed its strong horizontal resistance at RM0.82-83 on relatively small volume. If there is follow-through action on higher volume, this breakout could lead to a rally to test its resistance at RM0.90 & RM1.00.


Chart: Leader's weekly chart as at Jan 11, 2010 (Source: Quickcharts)
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4 comments:

  1. jamesTuesday, January 12, 2010 7:03:00 PM

    Hi Alex,

    Leader and GUH share the same shareholder (family). I think GUH too will rally soon.

    By the way, did Eksons have a breakout too?

    Regards,
    James

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  2. cheerTuesday, January 12, 2010 8:04:00 PM

    Any device on the ATLAN ?

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  3. Alex LuWednesday, January 13, 2010 8:20:00 AM

    Hi James,

    In the medium-term, GUH may test its recent high of RM1.05-1.08. For the short-term, it may be due for some correction.

    Eksons has a breakout above its short-term downtrend line at RM0.82. It has also surpassed the horizontal line of RM0.87. Its next resistance is at RM0.96.

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  4. Alex LuWednesday, January 13, 2010 8:25:00 AM

    Hi cheer,

    Since early 2007, ATLAN has been trapped in a descending triangle, with support at RM2.50 and resistance at RM2.90-95.

    It will have a bullish breakout if it can surpassed the RM2.95-3.00 level.

    ReplyDelete