Chart 1: Kencana's daily chart as at July 14, 2010_4.10pm (Source: Quickchart)
The next stock is Waseong, which has broken above the downtrend line at RM2.20 as well as the strong horizontal line at RM2.30. Its next resistance is at RM2.40.
Chart 2: Waseong's daily chart as at July 14, 2010_4.15pm (Source: Quickchart)
Based on the technical breakout, Kencana & Waseong could be good trading BUYs.
2 comments:
How do u think Perisai n KNM ?
Hi Cheer,
I think the Perisai & KNM are trading very near to their strong support level. For Perisai, the support is at RM0.52 [or RM0.50], while for KNM, it is at RM0.50.
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