Wednesday, January 13, 2010

Steel producers rallying...

Steel producers, led by AnnJoo, rallied today. AnnJoo trades at RM3.15 as at 3.54pm-a gain of 15 sen. See Chart 1.


Chart 1: AnnJoo's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)

Some other steel producers which have just broken above their respective downtrend lines are Kinstel, Perwaja & LionCor. See the charts below.


Chart 2: Kinstel's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)


Chart 3: Perwaja's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)


Chart 4: Lioncor's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)
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3 comments:

  1. SureWinWednesday, January 13, 2010 5:05:00 PM

    Hi Alex,

    What is AnnJoo next resistance level for the current rally?

    Thx.

    ReplyDelete
  2. Alex LuWednesday, January 13, 2010 5:18:00 PM

    Hi surewin1woh,

    The next resistance is at RM3.40-50.

    ReplyDelete
  3. SureWinThursday, January 14, 2010 11:15:00 AM

    Alex,

    Y the market accorded a very low premium to AnnJoo-W even the mother is running now??

    Thx

    ReplyDelete