Monday, March 28, 2011

BHIC may have a bullish breakout

BHIC broke above its downtrend line ('RR') at RM4.05 last Friday. It also broke above its horizontal resistance (since turned into a support) at RM4.10. It nearly tested the next horizontal resistance at RM4.30. With the bullish breakout above the downtrend line, BHIC could be a good trading BUY.


Chart: BHIC's daily chart as at Mar 28, 2011_3.45pm (Source: Quickcharts)
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2 comments:

  1. AnonymousTuesday, March 29, 2011 10:40:00 AM

    hi bro. please comment on Uchitec. Thx

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  2. Alex LuMonday, April 04, 2011 6:08:00 PM

    Hi wong

    Uchitec's financial performance has improved significantly from EPS of 7.2 sen for FY2009 to 14.2 sen for FY2010. As such, it is now trading at a PE of 10 times.

    Uchitec has a decent rally last 2 weeks. It would soon encounter strong resistance at the horizontal lines of RM1.50 & RM1.60. Until these double horizontal lines are overcome, Uchitec's upside will be quite limited.

    ReplyDelete