Perisai- may have a bullish breakout

Perisai is another stock which has broken above its intermediate downtrend line at RM0.69-0.70 this morning. Its next resistance is at RM0.75 & then at RM0.80. As such, Perisai could be a trading BUY.


Chart: Perisai's daily chart as at Dec 23, 2011_9.20am (Source: Quickcharts)

You have to exercise careful discretion in your trading as the market will enter into a lull next week due to the short trading period. Due to smaller participation in the market during the festive season, you can expect higher volatility.